Expedited Procedures

Notes:

(1)  Commencement Fees.

The commencement fee is non-refundable and payable with the Notice to Arbitrate filed with the Centre. 

(2) Administration Fees.

The Administration Fee is non-refundable and payable by each party. The Centre will invoice both parties the administration fee quarterly beginning six months after the commencement date. The administration fee will be assessed on the basis of the highest claim or counterclaim value.

(3)  Disbursement Fees.

Fees do not include expenses incurred by the Centre in its administration of an arbitration or appeal.  The Centre may invoice parties for expenses on an interim basis as it deems appropriate. Liability for fees and expenses is joint and several between the parties to the arbitration. Where a party does not pay an administration fee or other outstanding amount due to the Centre, any other party may pay that amount to ensure that the arbitration proceeds.  If payments are not made, the tribunal may order the suspension or termination of the proceedings.  

                Arbitrator Fees.

With the exception of the Fees payable to an arbitrator pursuant to the Expedited Procedures, the above fees do not include the fees and expenses of an arbitrator. Hourly rates are set by the  individual arbitrators.

All fees and disbursements due to VanIAC payable by either party shall be paid prior to the release of the final award.

[1] Note that where the claim or counterclaim exceeds $250,000 but the parties have agreed to use the Expedited Procedures the full Commencement Fee and Counterclaim Fees shall be paid, and the Flat Fee and Hourly Rate under the Expedited Procedures will not be applicable. Parties are required to reach agreement with arbitrators on rates independently and no later than the initial procedural conference.