ICC (2021)—fees, advances and costs

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Produced in partnership with Courtney Lotfi of Jones Day
Practice notes

ICC (2021)—fees, advances and costs

Copyright © 2025 LexisNexis

Produced in partnership with Courtney Lotfi of Jones Day

Practice notes
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This Practice Note considers Fees, advances and Costs under the 2021 International Chamber of Commerce (ICC) Rules of Arbitration (ICC Rules). The ICC Rules apply to any ICC arbitrations commenced on or after 1 January 2021, unless the parties expressly agree that an earlier version of the ICC Rules will apply (eg, in the arbitration clause).

For information on:

  1. •

    the ICC’s costs as an appointing authority, see Practice Note: ICC as appointing authority [Archived]

  2. •

    the fees of key arbitral institutions, including the ICC, see Practice Note: Costs and fees of key arbitral institutions

  3. •

    the 2017 and 2012 editions of the ICC Rules, see: ICC arbitration—overview

Arbitration costs under the ICC Rules

The costs of ICC arbitration include:

  1. •

    the tribunal’s fees and expenses

  2. •

    ICC administrative expenses, fixed by the ICC Court

  3. •

    tribunal appointed experts' fees and expenses, and

  4. •

    parties' reasonable legal and other costs (ICC, art 38)

Costs under the ICC Rules and alternative dispute resolution (ADR) rules of the ICC are notoriously 'front loaded'. It is, therefore,

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Jurisdiction(s):
United Kingdom
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Key definition:
ICC definition
What does ICC mean?

International Chamber of Commerce—an body formed to promote trade, investment, open markets and the free flow of capital in international business

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