Arbitration Fee
Arbitration Fees structure
An Applicant shall request the registration of his name in the Panel of Arbitrators by completing the prescribed application form, which shall be accompanied by a personal letter and copies of all the required certificates and documents.
Registration & Administrative Fee
| Sum in dispute | Registration fees | Administrative fee |
|---|---|---|
| Up to 25,000 | 500 | 500 |
| 25,001- 50,000 | 500 | 1000 |
| 50,001 - 100,000 | 500 | 2000 |
| 100,001 - 250,000 | 500 | 3000 |
| 250,001 - 500,000 | 500 | 4000 |
| 500,001 - 1,000,000 | 500 | 5000 |
| 1,000,001 - 2,000,000 | 500 | 7500 |
| 2,000,001 - 5,000,000 | 500 | 10000 |
| 5,000,001 - 10,000,000 | 500 | 15000 |
| Over 10,000,001 | 500 | 18000 |
| Non-monetary | 500 | 5000 |
| Claims |
Note: Apart from the Administrative Fees and the Arbitral Tribunal's fees, the advance on costs shall include monies payable towards the arbitrator's expenses. Such expenses shall be 10-15% of the arbitrator's fees.
Arbitral Tribunal Fee
| Sum in dispute | Sole Arbitrator | Panel of three members |
|---|---|---|
| Up to 25,000 | 1000 | 8% of the disputed amount (maximum amount shall not exceed 2000) |
| 25,001- 50,000 | 1500 1,500+3% of the amount exceeding |
6% (maximum amount shall not exceed 3000) 3.000+5% of the amount exceeding |
| 50,001 - 100,000 | 50,001 3,00+2.5% of the amount exceeding |
6% (maximum amount shall not exceed 3000) 3.000+5% of the amount exceeding |
| 100,001 - 250,000 | 1500 1,500+3% of the amount exceeding |
6% (maximum amount shall not exceed 3000) 3.000+5% of the amount exceeding |
| 250,001 - 500,000 | 50,001 3,00+2.5% of the amount exceeding |
6% (maximum amount shall not exceed 3000) 3.000+5% of the amount exceeding |
| 500,001 - 1,000,000 | 1500 1,500+3% of the amount exceeding |
6% (maximum amount shall not exceed 3000) 3.000+5% of the amount exceeding |
| 1,000,001 - 2,000,000 | 50,001 3,00+2.5% of the amount exceeding |
6% (maximum amount shall not exceed 3000) 3.000+5% of the amount exceeding |
Note: Apart from the Administrative Fees and the Arbitral Tribunal's fees, the advance on costs shall include monies payable towards the arbitrator's expenses. Such expenses shall be 10-15% of the arbitrator's fees.
Emergency Arbitrator
| Administrative Fee | Minimum Amount | Maximum Amount |
|---|---|---|
| 2,500 | 6,500 | 15,000 |
Note: Apart from the Administrative Fees and the Emergency Arbitrator’s fees, the advance on costs shall include monies payable towards the arbitrator’s expenses. Such expenses shall be 10-15% of the arbitrator’s fees.
Expedited Procedure
| Administrative Fees | Minimum Amount | Maximum Amount |
|---|---|---|
| 2,500 | 6,500 | 15,000 |
Note: Apart from the Administrative Fees and the Sole Arbitrator’s fees, the advance on costs shall include monies payable towards the arbitrator’s expenses. Such expenses shall be 10-15% of the arbitrator’s fees.