We will be implementing the following changes to ICA Arbitration fees from 1 January 2022:
- Arbitration deposit fees will increase from GBP £4,000 to GBP £8,000 for all claimants:
This reflects the costs of nearly all ICA arbitrations, and is designed to avoid delaying the release of an award should deposits in excess of GBP £4,000 be required at the end of an arbitration.
- Arbitration application fees for non-members will increase from GBP £5,000 to GBP £15,000:
This is to ensure that non-members fully contribute to the costs of the ICA arbitration service. By this change we are encouraging all those who use ICA Arbitration services users to become ICA Members and benefit from access without application fees.
By signing-up to ICA Membership, you can benefit from the reduced Arbitration application fees which Membership can offer, as well as the various other benefits of ICA Membership.