FIXED FEE ARBITRATION
BDT provides a fully administered fixed fee arbitration service under the BDT ECA45 Arbitration Rules for disputes where the Claim is for a monetary amount and the amount claimed by the Claimant is less than NZ$50,000, and where there are three or less items in dispute in the Claim and Counterclaim. The number of items at issue that may be dealt with under the fixed price low value claim service is strictly limited.
No conference of the Parties or inspection of the subject matter of the dispute or any other thing related to the dispute is included in the fixed fee.
Under the fixed fee service, BDT charges the following Fixed Fee for the Arbitral Tribunal’s services:
| Code | Total amount in dispute | Arbitrator’s Fee | Documents that each Party may file in support of the Claim or Counterclaim |
| LVAC5 | ≤ $4,999.99 | $2,250.00 | Contract Documents together with 15 single sided A4 pages of submissions and evidence. |
| LVAC10 | $5,000.00 ≤ $9,999.99 | $3,250.00 | Contract Documents together with 15 single sided A4 pages of submissions and evidence. |
| LVAC20 | $10,000.00 ≤ $19,999.99 | $4,500.00 | Contract Documents together with 20 single sided A4 pages of submissions and evidence. |
| LVAC30 | $20,000.00 ≤ $29,999.99 | $5,750.00 | Contract Documents together with 30 single sided A4 pages of submissions and evidence. |
| LVAC40 | $30,000.00 ≤ $39,999.99 | $7,000.00 | Contract Documents together with 40 single sided A4 pages of submissions and evidence. |
| LVAC50 | $40,000.00 ≤ $49,999.99 | $8,250.00 | Contract Documents together with 50 single sided A4 pages of submissions and evidence. |
| LVAC60 | $50,000.00 ≤ $59,999.99 | $9,500.00 | Contract Documents together with 60 single sided A4 pages of submissions and evidence. |
| LVAC80 | $60,000.00 ≤ $79,999.99 | $10,750 | Contract Documents together with 80 single sided A4 pages of submissions and evidence. |
| LVAC100 | $80,000.00 ≤ $99,999.99 | $12,750 | Contract Documents together with 100 single sided A4 pages of submissions and evidence. |
A Notice of Appointment of the Arbitral Tribunal will not be served on the Parties by BDT until the Parties have paid (in clear funds) into the trust account of BDT the prescribed Fee in full as security for the Arbitral Tribunal’s Fees and Expenses in accordance with the above schedule.