Arbitration Pricing Calculator 1.3

The Reed Smith Arbitration Pricing Calculator is a valuable tool designed to assist users in estimating the anticipated maximum administrative and tribunal costs associated with arbitration. This application supports calculations in over 20 currencies and takes into consideration several key inputs, including:

• The amount in dispute
• Choice of either a sole arbitrator or a panel of three
• Adoption of expedited or emergency procedures
• The arbitral institution designated to manage the case

By referencing the fee schedules and practice notes of the selected institution, the app provides forecasts of expected costs. Additionally, users receive pertinent information about the institution and its procedural rules. The application ensures that these costs are conveniently converted to the user's chosen currency using current exchange rates, covering 37 international arbitration centres.

The price transparency afforded by the app presents several advantages:

• Contract negotiators can predict potential arbitration costs while determining which institution to include in their dispute resolution clauses.
• Parties involved in disputes can effectively budget for their cases and assess necessary deposits required by arbitral institutions.
• Arbitrators are able to estimate their fees based on specific dispute details.

Moreover, the app is adaptable for estimating costs related to ad hoc arbitration, further enhancing its utility for practitioners in the field.