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Arbitration Fee Schedules

This Fee Schedule applies to all cases administered by CI-MAC in accordance with its Rules. CI-MAC provides parties with two options for calculating administrative and arbitrator fees: an hourly fee schedule or an ad valorem fee schedule. Parties may select different approaches for each type of fee, or they may choose to apply the same approach for both. Within 30 days of the Respondent's receipt of the Notice of Arbitration, the parties must agree on the method for determining administrative expenses and inform CI-MAC of their choice. If the parties fail to agree, the ad valorem schedules will apply.

Administrative Fees 

Ad Valorem Schedule

Amount in Dispute (US$)

Up to $35,000

$35,001 to $75,000

$75,001 to $350,000

$350,001 to $750,000

$750,001 to $1,500,000

$1,500,001 to $3,500,000

$3,500,001 to $7,500,000

$7,500,001 to $35,000,000

$35,000,001 to $60,000,000

$60,000,001 to $75,000,000

Over $75,000,000

Administrative Fee

$2,500

$2,500 + 2% of the amount above $35,000

$3,000 + 1.2% of the amount above $75,000

$5,500 + 0.98% of the amount above $350,000

$8,500 + 0.65% of the amount above $750,000

$12,000 + 0.32% of the amount above $1,500,000

$18,000 + 0.15% of the amount above $3,500,000

$25,000 + 0.095% of the amount above $7,500,000

$50,000 + 0.040% of the amount above $35,000,000

$65,000 + 0.030% of the amount above 60,000,000

Maximum $70,000

Where Arbitrator Fees are set on an hourly basis the maximum hourly rate shall be US$800 unless otherwise agreed by the parties and the individual arbitrator.

Administrative Fees 

Option A: Ad Valorem Schedule

Amount in Dispute (US$)

Up to $35,000

$35,001 to $75,000

$75,001 to $350,000

$350,001 to $750,000

$750,001 to $1,500,000

$1,500,001 to $3,500,000

$3,500,001 to $7,500,000

$7,500,001 to $35,000,000

$35,000,001 to $60,000,000

$60,000,001 to $75,000,000

Over $75,000,000

Administrative Fee

$2,500

$2,500 + 2% of the amount above $35,000

$3,000 + 1.2% of the amount above $75,000

$5,500 + 0.98% of the amount above $350,000

$8,500 + 0.65% of the amount above $750,000

$12,000 + 0.32% of the amount above $1,500,000

$18,000 + 0.15% of the amount above $3,500,000

$25,000 + 0.095% of the amount above $7,500,000

$50,000 + 0.040% of the amount above $35,000,000

$65,000 + 0.030% of the amount above 60,000,000

Maximum $70,000

Option B: Hourly Rate

 

Where the administrative fees are set in accordance with an hourly rate, the following rates will apply:

 

Time Spent by the Secretariat of CI-MAC in the administration of the arbitration:

 

Registrar/Deputy Registrar                                        US$ 300 per hour

Counsel                                                                             US$ 250 per hour

Case administrators                                                       US$ 200 per hour

Casework accounting functions                                US$ 175 per hour

Fees do not include hearing room rental, transcription, etc. For more information about, please contact us at info@caymanarbitration.com.

Arbitrator Fees

Option A: Ad Valorem Schedule

Amount in Dispute (US$)

Up to $75,000

$75,001 to $375,000

$375,001 to $750,000

$750,001 to $1,500,000

$1,500,001 to $3,750,000

$3,750,001 to $7,500,000

$7,500,001 to $37,500,000

$37,500,001 to $60,000,000

$60,000,001 to $75,000,000

$75,000,001 to $375,000,000

Over $375,000,000

Arbitrator's Fees (US$)

$3,500

$8,000 + 6.40% of the amount above $75,000

$27,000 + 4.70% of the amount above $375,000

$45,000 + 2.60% of the amount above $750,000

$65,000 + 1.10% of the amount above $1,500,000

$90,000 + 0.55% of the amount above $3,750,000

$110,000 + 0.29% of the amount above $7,500,000

$210,000 + 0.15% of the amount above $37,500,000

$235,000 + 0.05% of the amount above $60,000,000

$250,000 + 0.04% of the amount above $75,000,000

$450,000 + 0.0002% Up to a maximum of $1,500,000

Option B: Hourly Rate

If the parties agree to calculate the tribunal's fees based on an hourly rate, the hourly fees will be calculated based on the work performed by its members in relation to the arbitration. The rates charged will be appropriate to the specific circumstances of the case, taking into account factors such as the complexity and any special qualifications required of the arbitrators. Prior to appointment, the Arbitral Tribunal will agree to the applicable fee rates in writing. CI-MAC will inform the parties of the rates at the time of appointment, but they may be subject to review if the arbitration's duration or circumstances change. 

Hourly rates shall not exceed US$750. However, in exceptional circumstances, the rate may exceed the maximum hourly rate after consultation with the arbitrator(s), if all parties expressly agree in writing. 

The Tribunal's fees may include a charge for travel time and/or for unused time resulting from a delayed or canceled hearing, provided that the basis for such a charge is communicated in writing and approved by CI-MAC and the parties are notified in advance. 

The Tribunal may also recover reasonable expenses related to the arbitration, subject to the submission of invoices or receipts.

The fees of the Tribunal will be invoiced in the currency agreed upon between the parties and the Arbitral Tribunal. 

Administrative Fees 

Ad Valorem Schedule

Amount in Dispute (US$)

Up to $35,000

$35,001 to $75,000

$75,001 to $350,000

$350,001 to $750,000

$750,001 to $1,500,000

$1,500,001 to $3,500,000

$3,500,001 to $7,500,000

$7,500,001 to $35,000,000

$35,000,001 to $60,000,000

$60,000,001 to $75,000,000

Over $75,000,000

Administrative Fee

$2,500

$2,500 + 2% of the amount above $35,000

$3,000 + 1.2% of the amount above $75,000

$5,500 + 0.98% of the amount above $350,000

$8,500 + 0.65% of the amount above $750,000

$12,000 + 0.32% of the amount above $1,500,000

$18,000 + 0.15% of the amount above $3,500,000

$25,000 + 0.095% of the amount above $7,500,000

$50,000 + 0.040% of the amount above $35,000,000

$65,000 + 0.030% of the amount above 60,000,000

Maximum $70,000

Where Arbitrator Fees are set on an hourly basis the maximum hourly rate shall be US$800 unless otherwise agreed by the parties and the individual arbitrator.

Administrative Fees 

Option A: Ad Valorem Schedule

Amount in Dispute (US$)

Up to $35,000

$35,001 to $75,000

$75,001 to $350,000

$350,001 to $750,000

$750,001 to $1,500,000

$1,500,001 to $3,500,000

$3,500,001 to $7,500,000

$7,500,001 to $35,000,000

$35,000,001 to $60,000,000

$60,000,001 to $75,000,000

Over $75,000,000

Administrative Fee

$2,500

$2,500 + 2% of the amount above $35,000

$3,000 + 1.2% of the amount above $75,000

$5,500 + 0.98% of the amount above $350,000

$8,500 + 0.65% of the amount above $750,000

$12,000 + 0.32% of the amount above $1,500,000

$18,000 + 0.15% of the amount above $3,500,000

$25,000 + 0.095% of the amount above $7,500,000

$50,000 + 0.040% of the amount above $35,000,000

$65,000 + 0.030% of the amount above 60,000,000

Maximum $70,000

Option B: Hourly Rate

 

Where the administrative fees are set in accordance with an hourly rate, the following rates will apply:

 

Time Spent by the Secretariat of CI-MAC in the administration of the arbitration:

 

Registrar/Deputy Registrar                                        US$ 300 per hour

Counsel                                                                             US$ 250 per hour

Case administrators                                                       US$ 200 per hour

Casework accounting functions                                US$ 175 per hour

Fees do not include hearing room rental, transcription, etc. For more information about, please contact us at info@caymanarbitration.com.

Ad Hoc Fees

Option A: Ad Valorem Schedule

Option B: Hourly Rate

If the parties agree to calculate the tribunal's fees based on an hourly rate, the hourly fees will be calculated based on the work performed by its members in relation to the arbitration. The rates charged will be appropriate to the specific circumstances of the case, taking into account factors such as the complexity and any special qualifications required of the arbitrators. Prior to appointment, the Arbitral Tribunal will agree to the applicable fee rates in writing. CI-MAC will inform the parties of the rates at the time of appointment, but they may be subject to review if the arbitration's duration or circumstances change. 

Hourly rates shall not exceed US$750. However, in exceptional circumstances, the rate may exceed the maximum hourly rate after consultation with the arbitrator(s), if all parties expressly agree in writing. 

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