Below are the mean and median costs of 56 arbitrations in which the arbitral tribunal was paid by hourly rate and those of 6 arbitrations in which the arbitral tribunal was paid by reference to an ad
valorem fee scale.
Under the Rules, parties have the option of paying arbitral tribunals» fees by hourly rate (capped at HK$ 6,500 or approximately US$ 830) or by reference to an ad
valorem fee scale.
Not exact matches
Nearly 60 percent of every bottle of spirits in Kentucky goes to taxes or
fees, with seven different taxes on Bourbon — including an ad
valorem tax on barrels each and every year it ages.
If your renewal is due or if you are applying for a new tag, there is an additional annual registration
fee (in addition to the $ 35 special license plate
fee, the manufacturing
fee, ad
valorem tax or any penalties, which may be due).
Hourly pricing creates too much of a black box to suit most consumers, says Patrick Lamb of
Valorem Law Group in Chicago, the author of the recently released Alternative
Fees for Litigators and their Clients (American Bar Association, 2014).
While some New Law models have been created as a direct result of the economic downturn, the founding partners of
Valorem started talking prior to the recession about creating alternative
fee structures for their clients.
Patrick Lamb and three friends launched
Valorem Law Group on January 2, 2008 with the objective of representing business interests in complex commercial litigation using non-hourly
fee structures.
Pat leads
Valorem's efforts to provide
fee arrangements where risk is actually shared and where outcomes determine the
fees, not the time to secure the outcomes.
Now, with 11 lawyers and more than seven years of success using this new model,
Valorem hears many firms claim to offer alternative
fees.
One litigation firm,
Valorem Law Group, offers online resources to enhance collaboration and case management, alternative
fee structures, and a «Value Adjustment Line» on all invoices, enabling the client to adjust the firm's
fees if they choose to do so.
The FlatFeeIP blog fits into
Valorem's wheelhouse: it addresses the importance of value
fees in IP litigation, particularly patent litigation.
That is what
Valorem does — litigation for fixed
fees — so it only made sense for our patent guys to team with Dave Bohrer, the blog's publisher.
Just kidding, the last 8 years since we launched
Valorem and became «the alternative
fee firm» have flown by.
When we started
Valorem in 2008, no one was talking about alternative
fees, no one was offering alternative
fees and the world, by and large, thought we were crazy.
Having practiced using alternative
fee arrangements almost exclusively since we started
Valorem Law nine years ago, we forget that there are thousands of lawyers who have never used any
fee arrangement aside from the billable hour for their entire career.
Shameless plug:
Valorem can help you design and implement an Early Case Assessment program and can conduct ECAs for a fixed
fee to not only comply with the MIDP deadlines, but to also utilize the information gleaned to drive the strategy of the case, including early resolution.
Head of Stephenson Harwood's International Arbitration Group, Louis Flannery, together with colleagues, Gautham Chandrakumar and Alastair Kwan, set out to answer these questions by comparing the arbitration
fees of eighteen international arbitral institutions from around the world, which calculate their
fees on an ad
valorem basis.
The application of the section has allowed the Lord Chancellor to establish a new basis for court
fees in «money claims» over # 10,000, in old style, an ad
valorem tax of 5 % of the value of the claim.
There were two issues for the court to consider: first, is the TUF a tax or a
fee; and if the TUF is a tax, is it an ad
valorem tax or a type of impermissible tax, such as an excise tax.
SELLER»S DUTIES: Seller agrees to cooperate with Broker in the marketing and sale of the property, including but not limited to: If the Property is sold during the period set forth herein, the Seller agrees to execute and deliver a GENERAL WARRANTY DEED conveying
fee simple marketable title to the Property, including legal access to a public right of way, free of all encumbrances except ad
valorem taxes for the current year, utility easements, rights - of - way, and unviolated restrictive covenants, if any, and those encumbrances that the Buyer agrees to assume in the sales contract.