https://www.wr.no/en/news/publications/international-arbitration-update-december-2021/comparing-the-duration-and-cost-of-international-arbitration/#:~:text=The%20ICC%20Dispute%20Resolution%202020,2020%20to%20be%2022%20months
International Chamber of Commerce Rules of Arbitration (the ICC Rules)
946 arbitrators were registered with the ICC in 2020 with the majority conducted under the 2017 ICC Rules (replaced on 1 January 2021 by the 2021 ICC Rules). 53.5% of those arbitrations were seated in North and West Europe. Duration The ICC Dispute Resolution 2020 Statistics show the median duration for arbitrations reaching final award in 2020 to be 22 months. Cost The average cost of arbitrating under the ICC Rules is not provided.
The ICC administrative expenses and the arbitrators' fees are fixed ad valorem ("according to value") and the ICC Rules contain scales for these relative to the value in dispute with the ICC webiste providing acosts calculatorto give an indicative guide to the expenses and fees that may be fixed by the ICC, based on the sums in dispute and the number of arbitrators to be appointed.Sole Arbitrator Three Arbitrators US$1m dispute: 62,714 (average) 141,472 (average) US$10m dispute: 170,799 (average) 397,367 (average) US$100m dispute: 315,559 (average) 744,727 (average
This is just an average in 2020 but its not 4 week process
