The price of conciliation and mediation is somewhat lower than arbitration. If the conciliation or mediation case can be concluded in half a day the total cost may, for example, be set around DKK 15,000 – 20,000 plus expenses for any personal advisers.
In this example is included a fee for the conciliator or mediator based on actual time spent on the case along with expenses for transport and rent for meeting facilities. Also included are the fees and charges of the Arbitration Board in connection with the administrative case handling, including finding and appointing a suitable conciliator or mediator and making sure demands and deadlines are kept.
At the outset of the case, the parties are informed of the hourly rate for the conciliator/mediator and a deposit is determined. The deposit will be divided equally between the parties unless otherwise agreed on. The deposit is set at DKK 20,000 by default, but will be increased during the course of the case if necessary. The added deposit is subject to joint and several liability. Otherwise, the parties defray their own expenses, including that of personal representation.
Normally, a date for the conciliation or mediation is set to be held 15 days after the conciliator/mediator has been appointed, which provides for an early overview of the expected duration of the case and, consequently, an estimated total cost.
The Arbitration Board is not VAT registered, which is why all fees and charges are VAT exempt. In those instances where the Board processes services subject to VAT – typically fees for expert assessment – the VAT amount will be specified on the bill.