LCIA fees increase

 

The LCIA fees increased with effect from 1 July 2012. The LCIA administration fee  increased from £1,500 to £1,750 and the maximum hourly rate that arbitrators appointed by the LCIA may charge (other than in exceptional cases) increased from £400 to £450. The registration fee for the LCIA to act as appointing authority is £1,250.

The LCIA fees continue to give greater transparency than, say, the ICC.  The latter continue to have a value based remuneration paid in stages which can result in a generous fee for the tribunal if matters settle before substantial work is undertaken.

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