Schedule of Costs appointing only effective 1 January 2014
For arbitration, mediation, adjudication, expert determination and other ADR proceedings in which the LCIA is the Appointing Authority only, pursuant to the UNCITRAL arbitration rules or other ad hoc rules or procedures agreed by the parties, and whether for the purposes of nominating or appointing any individual, or determining a challenge against any individual who has been appointed in such proceedings.
1. Administrative charges
1(a) Appointment Fee (payable in advance with the request for the LCIA to act as Appointing Authority: non-refundable). £1,250
1(b) Time spent* by the Secretariat of the LCIA in connection with the appointment, nomination, or challenge.
Registrar / Deputy Registrar £250 per hour
Counsel £225 per hour
Case administrators £175 per hour
Casework accounting functions £150 per hour
1(c) Time spent by members of the LCIA Court in carrying out their functions in deciding any challenge.
at hourly rates advised by members of the LCIA Court
1(d) Expenses incurred by the Secretariat and by members of the LCIA Court, in connection with the functions of Appointing Authority (such as postage, telephone, facsimile, travel etc.), and additional support services, whether provided by the Secretariat or by the members of the LCIA Court from their own resources or otherwise.
1(e) Charges may be subject to Value Added Tax at the prevailing rate.
2. Settlement of the LCIA’s charges
2(a) The parties will be notified of a nomination, appointment, or challenge decision, when the LCIA’s charges have been settled in full.
2(b) The LCIA’s fees and expenses will be invoiced in sterling, but may be paid in other convertible currencies, at rates prevailing at the time of payment.
2(c) Any bank charges incurred on any transfer of funds by the parties to the LCIA shall be borne exclusively by the party or parties transferring the funds.
3. Limitation of liability
None of the LCIA (including its officers, members and employees), the LCIA Court (including its President, Vice-Presidents and members), and the LCIA Registrar shall be liable to any party howsoever for any act or omission in connection with the LCIA acting as Appointing Authority, save (i) where the act or omission is shown by that party to constitute conscious and deliberate wrongdoing committed by the body or person alleged to be liable to that party and (ii) the extent to which any part of this provision is prohibited by any applicable law.
* Minimum unit of time in all cases: 15 minutes.