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What happens if the Respondent fails to pay the Counterclaim Filing Fee? If the Respondent fails to pay the Counterclaim Filing Fee, the counterclaim may be deemed as not filed and the arbitration will proceed without any counterclaim. Does the Respondent have to pay a filing fee for a counterclaim? A Respondent who wishes to bring a counterclaim in pending arbitration proceedings must pay a Counterclaim Filing Fee 2, USD for resolution of the counterclaim.

How are the costs of the arbitration calculated? The reasonable fees of the arbitral tribunal to be stated separately as to each arbitrator;.

The reasonable travel and other expenses incurred by the arbitrators;. The reasonable fees of each technical assistant if any ;. The reasonable fees of each law clerk if any ;. The reasonable travel and other expenses of witnesses to the extent such expenses are approved by the arbitral tribunal;. The reasonable fees and expenses of the appointing authority and the supervisory expanded panel. IACT shall issue to the parties a monthly invoice following each month of an arbitration, generally payable with 30 days of receipt.

How much do IACT arbitrations cost? The primary cost of an arbitration will be the hourly fees of the arbitrators. IACT is committed to resolving disputes as efficiently and inexpensively as possible. Parties to an arbitration are free to nominate arbitrators of their choice. Must arbitrators be lawyers? Depending on the circumstances of the case, it may not be necessary for arbitrators to be lawyers or to have a legal background.

Do parties need to be represented by lawyers in IACT arbitrations? Parties to a dispute do not necessarily need to be represented by lawyers in IACT arbitrations, although hiring qualified counsel is recommended. Does IACT arbitration involve discovery? Discovery is limited in this way to enhance the efficiency of the proceedings and lower their cost.

Pursuant to Article 40 of the IACT Rules, the parties will have the opportunity to request substantive scrutiny by an expanded panel of arbitrators who did not participate in deciding the original award.

Arbitrators and mediators are selected from major jurisdictions around the globe. The parties select and mutually agree to the arbitrators or mediator. In the event that the parties cannot agree, upon notice, the IACT administration will select or complete the selection with arbitrators from jurisdictions separate from the parties or the prior selections. Unparalleled Experience. Most arbitrators have presided over thousands of complicated cases as a judge, or have handled legislation as a director.

Our experts have developed the current Intellectual Property law in each jurisdiction. Cost efficiency. IACT seeks to achieve cost efficiency by charging the arbitrators' hourly rates for time actually spent on the dispute, rather than using other commonly-used fee amounts such as a percentage of the amount in controversy. Although individual arbitrators' rates may vary, the benchmark arbitrator rate will be approximately 1, USD per hour.

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