Alternative Fee Arrangement (AFA), Arbitration

Alternative Fee Structure Goes Live for American Arbitration Association

Although arbitral institutions like the London Court of International Arbitration and International Chamber of Commerce have historically based arbitration costs on models other than a pure hourly-basis, the American Arbitration Association/International Centre of Dispute Resolution recently became the first national institution to make a true alternative fee arrangement available for parties arbitrating under the AAA-ICDR. …