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CS Professional · Arbitration, Mediation and Conciliation · Emerging Aspects: Fast Track and Virtual Arbitration

Parties in a fast track arbitration agree to a sole arbitrator, Mr. Iyer. Which statement about fees is correct under Section 29B?

Fees are as agreed between the arbitrator and the parties, including how they are paid. Section 29B(6) leaves fees and the manner of payment to their agreement, so neither the court nor a fixed statutory schedule determines them.

  1. AFees are fixed by the court
  2. BFees are as agreed between the arbitrator and the parties, including the manner of paymentCorrect
  3. CFees must follow a statutory schedule without variation
  4. DFees are decided by the other party alone

Explanation

Section 29B(6) says the fees payable to the arbitrator and the manner of payment are such as may be agreed between the arbitrator and the parties. Section 29B(2) separately allows a sole arbitrator chosen by the parties. No court-fixed or statutory schedule is mentioned.

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