DIFC-LCIA Arbitration - Costs and Fees (2021 Rules) [Archived]
Overview
The DIFC-LCIA Arbitration Centre was dissolved in September 2021 as per Dubai Decree No. 34/2021. Its operations and assets have been emerged into a Dubai International Arbitration Centre (DIAC). Ownership of real estate, assets, funds, staff, financial allocations and membership base will also be transferred to the new Centre.
This Practice Note deals with the 2021 rules and procedures of the former DIFC-LCIA Arbitration Centre.
Practical Guidance
Tribunal fees and expenses and the DIFC-LCIA’s administrative charges
The arbitrators appointed in DIFC-LCIA arbitrations and the institution itself are paid for the work that they do on a time spent basis. This differs from some institutions which charge for their work and that of the tribunal on an ‘ad valorem’ or lump sum basis, and others which have options for both methods of charging.
The costs of the arbitration (other than the legal or other expenses incurred by the parties themselves) (the Arbitration Costs) will be determined by the LCIA Court in accordance with the Schedule of Arbitration Costs, as per article 28(1) of the Rules. The parties are jointly and severally liable to the DIFC-LCIA Arbitration Centre and the tribunal for the Arbitration Costs.