In informal dispute assessment proceedings the parties must provide security for all estimated costs relating to the assessment. In addition to the Arbitration Board fee for management of the case, the security must cover the assessor’s fee as provisionally estimated.
If the parties wish an additional assessor to be included, a supplementary fee of DKK 2,000 is payable.
The assessor’s fee for his or her work in the procedure is calculated on the basis of time spent. The fee and other costs are determined by the Arbitration Board based on a recommendation from the assessor.
At the start of the procedure, 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 in principle be DKK 20,000, which must be distributed equally among the parties.
The parties are jointly and severally liable for the amount, with recourse.
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.
Cases of this type are filed as O-cases.