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With our association with one of the largest dispute resolution organisation, FICM panels let you select a professional expert determiner from a wide and diverse pool. You can filter your search by accreditation, additional skills, areas of practice and regions where expert determiners work.
Through it’s nomination service, FICM can find an expert determiner for you. We carefully consider the type of dispute, experience and knowledge required, accreditations or qualifications, location and price point to nominate an expert determiner to match your dispute.
WLA assist clients by proposing suitable experts to act as the expert determiner from our panel. We will also handle all aspects of the expert determination arrangements. These include:
For more information about this service call one of our client advisors on +91 8505999819
When a fast solution is needed, expert determination is often the quickest and most inexpensive way of resolving disputes – particularly where the facts are agreed. It is carried out in private, and therefore can be guaranteed to protect confidentiality and commercial sensitivity.
Expert determination is appropriate for technical or valuation issues. For example, an IT specialist may be appointed in an IT supply and installation contract to determine compliance with specifications or an accountant may be appointed as an expert in a business valuation dispute.
A person agreed by the parties to be an expert qualifies as one. It could also be a person appointed for the purpose by the head of the appropriate professional body.
The identity of the independent expert may be agreed before any dispute arises – for example, a company’s articles of association may specify that on a transfer of shares a ‘fair value’ is to be determined by the company’s auditors.
WLA fee for providing this service is USD2,000, shared equally between the parties.
The expert will be paid fees and expenses and their rates will vary subject to which expert is chosen. Typically, rates will be in a range between USD250 and USD800 per hour.
There is no power for the expert to award costs in favor of the successful party, unless that power is specified in the expert determination clause or the terms of reference or if the expert is specifically authorized to award and assess costs.
Choose expert determination when you want an independent third party, an expert, to decide a technical or specialized issue between the parties.
Expert determination is an informal, fast and effective process that can be used to resolve a wide range of disputes including accounting, share valuations, industrial and construction.
Choose expert determination when you want a process tailored to suit the parties. Parties agree on such elements as whether the determination will be legally binding, extent of confidentiality, scope of matters, process and timing for making submissions and submitting documents and other evidence, the role of experts retained by parties, schedule for and attendance at meetings and so on.
Expert determinations can be voluntary, court ordered or agreed upon in a contract.
An expert determiner decides a technical matter, drawing on his or her expertise in the field and basing it on the evidence presented by the parties.
An expert determiner receives submissions, documents and other evidence from each side to reach a decision. At the start of the expert determination process, the expert determiner confirms with parties whether or not the decision will be legally binding, the extent of confidentiality, the steps that the parties will take, the timeframe for submissions, documents and other evidentiary information, whether and when meetings will be held and who will attend. In this way, an expert determiner is able to customize the process to suit the parties and to ensure the necessary evidence is available to make a sound decision
Expert determination clauses govern the jurisdiction of the expert and the conduct of the determination. They should typically cover:
the issue(s) to be determined (this must be carefully drafted)
the expert’s qualifications, appointment and his duty to act independently, and as an expert not an arbitrator
how the reference will be conducted
how the decision will be issued (in writing, with or without reasons) and that it will be final and binding save in the case of fraud or manifest error
provisions as to the due date for payment and the power to award interest (and sometimes costs)
payment of the expert’s fees (these are usually shared between the parties with joint and several liability should one party fail to pay)
Enforcement of Expert Determination
In England and Wales, an expert’s determination can be enforced in court proceedings. However, as an expert’s determination may not be readily enforceable by courts in other jurisdictions, disputes that arise out of some international contracts may be better resolved by another method.
The procedure is normally dictated by the terms of the original agreement made between the parties, incorporating the expert’s terms of reference. These terms of reference set out the expert’s powers and duties in detail. Some experts may suggest additional terms, in particular a waiver of any liability from the parties.
The following points should be covered:
The terms of reference should also cover the procedure to be followed, for example: