1. What is ICC Arbitration Fee?

The ICC (International Chamber of Commerce) arbitration fee is calculated based on the amount in dispute and the applicable fee rate. This calculator helps estimate the administrative costs for ICC arbitration cases in Malaysia.

2. How Does the Calculator Work?

The calculator uses the ICC arbitration fee formula:

Where:

• \( Claim\ Amount \) — The amount in dispute (USD)
• \( Fee\ Rate \) — The applicable percentage rate for arbitration

Explanation: The fee is calculated by multiplying the claim amount by the fee rate percentage.

3. Importance of Fee Calculation

Details: Accurate fee estimation is crucial for budgeting legal costs and understanding the financial implications of ICC arbitration proceedings in Malaysia.

4. Using the Calculator

Tips: Enter the claim amount in USD and the applicable fee rate as a percentage. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the typical fee rate for ICC arbitration?
A: Fee rates vary but typically range from 1% to 18% depending on the amount in dispute, with decreasing marginal rates for larger amounts.

Q2: Are there additional costs beyond this fee?
A: Yes, there may be additional costs including arbitrator fees, administrative expenses, and legal representation costs.

Q3: How accurate is this calculator?
A: This provides an estimate. Actual fees may vary based on specific case circumstances and ICC's final determination.

Q4: Does this apply to all ICC arbitration cases in Malaysia?
A: This calculator provides a general estimate. Specific cases may have different fee structures.

Q5: Where can I find official ICC fee schedules?
A: Official fee schedules are available on the ICC International Court of Arbitration website.