RULES AND REGULATIONS OF ARBITRATION COSTS
Pursuant to Articles (6) and (21) of the Statute and Article 38, 39 and 40 of the Procedures, the Board of Trustees has approved the Rules and Regulations Arbitration Costs, as follows:
The Centre’s Fees
- A non-refundable amount of one thousand (1,000) US Dollar shall be collected as a fee for submitting and registration of the Arbitration request.
- The Centre shall charge administrative fees in return for the services it provides to the parties in accordance with the Article 39 of the Procedures.
- The administrative fees shall be calculated as a decreasing percentage of the disputed amount as shown in the Schedule of Administrative Fees below. The fees shall be calculated as the cumulative total of the fee amounts payable for the categories preceding, and including, the one representing the portion of the disputed amount. An increasing fixed amount is to be added to the percentage. The administrative fees shall not in any way exceed 2% as stipulated in the article 39 of the procedures except for the disputed amount under (100,000) US Dollar. If the disputed amount exceeds one Hundred million dollars, the administrative fees shall be a fixed amount of sixty thousand (60,000) US Dollar.
- The Board of Trustees may amend this Schedule from time to time upon a proposal from the Secretary-General.