Example of Cost Calculation
Applicant | Counterparty | |
Application fee | 200 EURO | 200 EURO |
1 Arbitrator | 150 EURO | 150 EURO |
2 Arbitrator | 300 EURO | 300 EURO |
3 Arbitrator | 450 EURO | 450 EURO |
Calculation 1: If the applicant selects only an arbitrator, then, he/she will pay 200 EURO+150 EURO= 350 EURO
Calculation 2: If the applicant selects 2 arbitrators, then, he/she will pay 200 EURO+300 EURO= 500 EURO
Calculation 3: If the applicant selects 3 arbitrators, then, he/she will pay 200 EURO+450 EURO= 650 EURO
Calculation 4: The counterparty pays 150€ for one arbitrator, 300€ for two arbitrators, 450€ for three arbitrators.
* * These figures do not include any other costs to be subsequently determined by the Council and/or the arbitral tribunal.