| Arbitration and Mediation Costs |
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The case initiation fee varies depending on the type of proceeding.An Initial Filing Fee due when filing the Notice of Request or Submission to Arbitrate (which are non-refundable) payable to BCAMI. If the value of the dispute is: $0.00 to $10,000.00, the Initial Filing fee is $350.00 plus HST
$0.00 to $10,000.00, the Case Service fee is $175.00 plus HST Request forms can be mailed, faxed or emailed. Payment can be made by cheque, Visa or MasterCard. The appointment fee is collected by the mediator or arbitrator, who must remit it to the Institute within 60 days of the appointment. For amounts in dispute under $100,000, the appointment fee is $100 plus HST; for disputes over $100,000, it is $200 plus HST. What level of costs can a party to an arbitration expect to pay?Arbitrators usually charge a fee based on an hourly or daily rate. This can vary considerably among arbitrators. The oral hearing is the biggest cost item. Usually, the cost of the arbitration will therefore depend mostly on its length and complexity, and whether an oral hearing is required. Other variable cost factors include counsel fees, travel costs, document reproduction, hearing room rental, etc. There are ways of controlling these costs, and the arbitrator should be able to give the parties advice in that regard. Some arbitrations are conducted for a fixed fee as part of a program, such as the ICBC Coverage Dispute arbitration program (a documents-only process; no oral hearing). In British Columbia, the arbitrator's fee is subject to review by a court official.
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| Last Updated on Thursday, 17 March 2011 13:30 |