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.