Fundholding Services
Fundholding Services
The scope of the fundholding service to be provided by Oman Commercial Arbitration Centre would include not only fundholding for security for fees and expenses of arbitrators, mediators, experts, and other neutrals but also security for the amount in dispute and security for costs.
Fundholding is a service provided by Oman Commercial Arbitration Centre where it manages the financial aspects of the arbitrations, mediations, and other ADR proceedings on behalf of the tribunal/parties, which includes holding deposits paid by parties towards the costs of the arbitrations, mediations and other ADR proceedings, processing invoices raised by the tribunal and disbursing these payments and providing accounts of such transactions to the tribunal and parties.
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100%
Secure -
Affordable
Fees
Fundholding services provided by institutions can be divided into two broad categories:
Holding security for fees and expenses on behalf of arbitrators, mediators, and adjudicators.
Holding security for the amount in dispute or security for costs as directed by the arbitrators, mediators, and adjudicators.
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Fundholding Type
Registration fees
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Security for fees and expenses of Arbitrators, mediators, experts, and other neutrals
OMR 1,000 per annum
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Security for the amount in dispute, or security for costs
0.5% per annum of the amount held by way of security
Fundholding Services
Oman Commercial Arbitration Centre provides an additional service for non-OAC administered arbitrations, mediations, and other ADR proceedings, where the role of the OAC would be to act as fundholder.
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