A fee and a charge are to be payed for the management of cases, including the selection of a competent expert and determining whether all formal requirements such as the time limits set out in AB92 are met.
In addition, a fee is payable to the expert. The fee amount is determined by the Arbitration Board on the basis of time sheets filed by the expert and the hourly rates charged by him or her. Other expenses incurred, for example for meeting facilities and transport, must also be paid.
Immediately after having received a request for expert determination, the Arbitration Board will ask for the fee. Later a provision of security for payment by the party requesting expert determination will be initiated to ensure payment for the charge and the expert fee. The security must be provided in the form of a deposit of DKK 30,000. If the deposit is not paid within the time stated by the board – typically eight days – the case may be dismissed without further notice.
If necessary during the expert determination period, an additional deposit may be requested. The expert will determine who is to pay the costs, including the fee. The parties are jointly and severally liable for any amount in excess of the security provided.
It is usually possible to conclude a case without costs exceeding the deposit amount of DKK 30,000.