Global Abitrator
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Fees
The fees paid to arbitrators can be substantial. While his current hourly rate for providing legal services is US$1,500, Mr. Rizvi does not dictate his fees to act as a sole arbitrator, and leaves it to the better judgement of the parties to determine his fees, depending on the facts of the dispute referred to him and the financial circumstances of the parties.
Mr. Rizvi does not charge anything for the assistance of tribunal secretaries. Since all hearings are virtual, costs are further reduced. Mr. Rizvi does not charge for organizing virtual arbitration hearings.
Minimum Institutional Fees
Arbitral institutions set arbitrator fees between minimum and maximum amounts. Mr. Rizvi has always asked arbitral institutions to set his arbitrator fees at the minimum amount permissible under the relevant arbitration rules.