Does the SMA charge administrative fees?
The SMA charges no administrative fees as it does not administer cases. SMA arbitrators participate in ad hoc arbitration as required by the usual arbitration clauses: the parties or their attorneys appoint the arbitrators directly and communicate with the Chairman or sole arbitrator after the panel’s formation. The arbitrators will deal with their fees in their award and may ask for escrow deposits to be made to the SMA escrow account or to be held by the parties’ attorneys.
