Cases of this type are filed as G-cases.
When handling a case regarding an expert decision or decision on provided security, the requesting party will be asked to provide security for the case’s processing at the outset. This security is set at 40,000 DKK. The case's processing will only begin once the security payment has been received. The security covers the costs for the fee, the service fee to the Arbitration Board for managing the case, and the expert's honorarium. If additional experts are required, the deposit amount will be higher to cover the increased costs. This process ensures that the financial aspects of the case are secured before proceeding, and it helps guarantee that the necessary costs related to the handling of the expert decision are covered upfront.
The honorarium and other costs are determined by the Arbitration Board based on the expert's recommendation. As a starting point, the expert's honorarium is 25,000 DKK. The honorarium is set based on the nature and scope of the case, as well as the time spent, with the goal of providing a reasonable fee for the work performed. It is assumed that approximately one full workday will be used for preparation, about half a workday for any site visit (if applicable), and one full workday for drafting the decision. This structure ensures that the compensation is fair and proportional to the work involved in the expert assessment and decision-making process.
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 expert must continuously ensure that there is sufficient security to cover their honorarium and must alert the Arbitration Board if additional honorarium is required. This ensures that the expert's fees are properly secured throughout the process and that any potential additional costs are addressed promptly, preventing delays or complications in the case. If there is a need during the process, the Board will charge additional deposits.
The expert decides who is to pay the costs, including the fee. The parties are jointly and severally liable for the payment of any amount exceeding the security provided. Each party pays its own legal counsel and other advisors, if any.
When the case is withdrawn, the party that initiated the case must pay the fee, regardless of the reason for the withdrawal. The Board cannot make a decision regarding the allocation of the fee payment and any service charges.
Cases of this type are filed as G-cases.
The fee is DKK 4,000. The service charge is DKK 7,000.
A security deposit of DKK 40,000 is required for the payment of the case processing by the party who has requested the case to be initiated. If the deposit is not paid within the deadline set by the Arbitration Board, typically 8 days, the case is likely to be dismissed following a brief reminder process.
The service fee is waived if notification is given that the case has been settled or otherwise discontinued within the first 30 days. This also applies when the case is closed due to a failure to deposit the required amount. The 30-day deadline can be suspended for up to 3 months if the parties provide written notice that settlement negotiations are ongoing.
If the case is concluded within 30 days with an expert decision, the full service charge will be applied.
An additional fee of DKK 2,000 is charged for the appointment of an additional expert.
Below is a list of Arbitration Board fees and charges.
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.
Unfortunately it is not currently possible to use the EAN system for electronic invoicing, and electronic invoices will therefore be issued only in response to a special request sent to bogh@voldgift.dk.
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.
You will receive an email when we post news on the website. You will get 1-2 emails per month and can unsubscribe at any time.
Vesterbrogade 2 B, 3rd floor
DK-1620 København V
Telephone +45 3313 3700
E-mail voldgift@voldgift.dk
Openning hours
Monday-thursday 9.00-16.00
Friday 9.00-16.00
Phone hours
Monday-friday 9.00-15.00
© 2024 Alle rettigheder forbeholdt voldgift.dk Design af Lux Creative