Informal dispute assessment

The Arbitration Board charges a fee for informal assessment/anticipatory dispute resolution. The fee includes selection of a competent assessor and management of the case.

In addition, a fee is payable to the assessor. The fee will be calculated on the basis of time spent and, together with other costs, will be determined by the Arbitration Board based on a recommendation from the assessor.

When the case is filed, the Arbitration Board determines the amount of security to be provided, which will give the parties an idea of the maximum costs involved in the case procedure. The amount will generally be DKK 20,000. The parties are jointly and severally liable for the amount, with recourse.

The Arbitration Board is not registered for VAT so all charges and fees are exempted from VAT. When the Arbitration Board includes amounts liable to VAT (typically costs relating to expert appraisers) in its own invoices, the VAT amount will be specified in the invoices.

Fees and charges

The Arbitration Board charges an initial fee of DKK 5,000. In addition, a service charge of 0.3 % of the total amount claimed is payable, the maximum amount being DKK 10,000.

If the parties withdraw the case within thirty days after it was received by the Arbitration Board, the service charge will be waived.

If the informal assessment/anticipatory dispute resolution is unsuccessful, the fee and service charge will be paid back provided that the matter is subjected to arbitration. If it is, a fee and service charge will be payable for the arbitration case instead.

Below is a list of Arbitration Board fees and charges.
Fees and charges

 

Practical information and account number

To ensure fast and correct recording of payments and deposits made to the Arbitration Board, remitters are requested to use the FIK code that the board sends to the parties in a case. Some of the board’s letters include codes for both parties, with the names of the parties clearly specified next to the relevant code. It is important that the correct FIK code is used in relation to payments. Some IT systems do not support the use of FIK codes. Instead, payment can be made to:

Danske Bank, registration number 4180, account number 4180211519

SWIFT: DABADKKK  –   DKK IBAN: DK5830004180211519.

The Arbitration Board file number and the names of the parties and the remitter must be stated in connection with manual transfers.

Regrettably, automatic invoicing on the basis of EAN numbers is currently not possible and electronic invoices can only be issued if a specific request has been sent to bogh@voldgift.dk.