Money claims without disputes are better to be solved by conciliation.

If their dispute is complex, parties may demand, before any proceeding, a mediation.

Arbitration have not summons expenses and all legal expenses of arbitration are, in the award, put to load of the party succumbing. It’s calculated according to standard tariffs. Since parties get an enforceable award quickly (max.6 month), also for technical disputes, arbitration is a very inexpensive judicial procedure. A reduced fee is used for not contested money claims.

This estimations are without exceptional expenses and duties. Look to the Standard Dispute Rules to calculate the exact cost.

The loser shall paid the total cost and indemnities.