This process, commonly known as Early Neutral Evaluation, or ENE, is designed to serve as a basis for further and fuller negotiations, or, at the very least, help parties avoid further unnecessary stages in litigation.
FICM can assist by proposing suitable experts to act as the early neutral evaluator. We will also handle all aspects of the early neutral evaluation arrangements. These include arranging document exchange, administrating funds, resolving procedural difficulties and providing support and guidance to the parties and the neutral as required.
We can:
Accountants
Architects
Bankers
Barristers
Engineers
Insurers
Loss adjusters
Queens Counsel
Retired Judges
Solicitors
Surveyors
FICM’s fee for providing this service is USD 1,500.00 shared equally between the parties. The neutral will be paid fees and expenses and their rates will vary subject to which expert is chosen. Typically hourly rates will be in a range between USD200 and USD800 per hour. Please contact us to discuss fees for specific neutrals or cases.
Commodity supply contracts
Construction & Engineering disputes
Information Communication & Technology projects
Insurance industry
Pension rights transfers
Price adjustments on take-overs
Rent reviews
Valuation of shares in private companies
The opportunity to use early neutral evaluation can arise in a number of ways. The parties’ contract may provide for early neutral evaluation to resolve any disputes that arise, or the parties may decide to use early neutral evaluation to resolve an existing dispute in preference to the system provided by their contract. Early neutral evaluation can be chosen as the method of dispute resolution either of specific issues or of all disputes arising under a contract.