Cases of this type are filed as O-cases.
In the handling of a case for a fast decision, the claimant must deposit 40,000 DKK as security for all costs associated with the case. In addition to the Arbitration Board's fee and service charge for managing the case, the deposit also covers the arbitrator's fee. The defendant must deposit the same amount if there is a joinder in the case.
As a general rule, the fee for the arbitrator is 25,000 DKK. The fee is determined based on what is considered a reasonable compensation for the work, taking into account the nature and scope of the case and the time spent. It is assumed that 1 working day will be used for preparation, ½ working day for a possible site visit, and 1 working day for drafting the decision.
In cases where the scope of the case or the time needed for the processing of the matter is below usual or anticipated levels, including in connection with settlements, the total fee is reduced, taking into account the actual time spent, the timing of a settlement, if any, and the complexity of the matter.
In cases where the scope of the case or the time needed for the processing of the matter exceeds usual or anticipated levels, including in cases resulting in settlements and complex cases with comprehensive case documentation, the fee may be increased.
The arbitrator has an obligation to continuously ensure that there is sufficient deposit to cover all the costs associated with the case and to inform the Arbitration Board of the need for any additional fees. The Board will then inform the parties accordingly when requesting additional deposit.
If the deposit is not paid within the deadline set by the Arbitration Board, the case can be expected to be dismissed.
If it proves necessary during the speedy resolution period, additional deposits may be requested.
The arbitrator decides who will bear the costs, including the fees. The parties are jointly liable for the costs of the case's handling. Each party will bear their own expenses for any lawyer or advisor.
Cases of this type are filed as O-cases.
The Arbitration Board charges a front-end fee of DKK 4,000 and a fees of DKK 7,000.
If the parties withdraw the complaint within thirty days after it was filed with the Arbitration Board and the Board has been notified accordingly, the service charge will be waived.
If a speedy resolution cannot be achieved, the fees and the service charge will be offset in amounts payable if the dispute is referred to arbitration. In such a scenario fees and a service charge will be payable for the arbitral case instead.
A list of Arbitration Board fees and charges can be found below.
To ensure quick and correct registration of payments and deposits in the Arbitration Board, the FIK code sent to the parties to the case when the complaint was filed should be used. Some Board letters contain codes for both parties, with the names of the parties clearly stated next to the relevant codes. The correct FIK code should be used. Some IT systems do not support the use of FIK codes, in which case payments can be made to the following account:
Danske Bank, registration number 4180, account number 4180211519
SWIFT: DABADKKK – DKK IBAN: DK5830004180211519.
If manual transfers are used, please state the Arbitration Board file number, the names of the parties and the name of the payer.
The Arbitration Board is not registered for VAT, and all fees and charges are therefore exempt from VAT. If and when the Arbitration Board invoices services on which VAT is payable – typically expenses related to expert appraisal – the VAT amount will be specified in the settlement letter.
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