This section of the website covers the fees that are
applicable to your arbitration.
Our Philosophy
We believe that all the things that we do for our users — selecting an
arbitrator, negotiating fees, managing the finances, supervision — we can
do more conveniently, more effectively and at less cost, than could the
parties themselves. This is where we believe SIAC adds value to
arbitration.
SIAC tries to do its part to keep the cost of arbitration in Singapore
competitive. As a not-for-profit organization, SIAC only seeks to recover,
by way of fees, what it costs SIAC to provide its services. It seeks, above
all, to give value. Our fee scales reflect these guiding principles.
How the Fees Apply
SIAC's fee structure is a simple one.
Where a case is conducted according to SIAC's arbitration rules, or where
it has been submitted or referred to SIAC for arbitration, parties pay an
administration fee. The
administration fee is pegged to the amount of the claim or counterclaim
according to a scale.
In cases falling outside SIAC's arbitration rules, where SIAC is asked to
appoint an arbitrator, we charge an
appointment fee. The
arbitrator appointment fee, on the other hand, is a flat fee, not dependent
on the amount of claim.
Arbitrators' Fees
Arbitrators' fees
are ascertained according to a quantum based scale. Hourly rates no longer apply.
Other Fees and Charges
If you seek the assistance of the Registrar of SIAC to
tax costs, the charges for
these services are also set out in this section.
You will also find rates, here, for the use of SIAC's facilities and support services, whether in conjunction with an arbitration that SIAC administers or otherwise. |