Arbitration Fee Schedule
TOTAL VALUE IN DISPUTE
SCHEDULE OF ARBITRATION FEES AND SCHEDULE OF ADMINISTRATIVE FEES
Value of the dispute | Arbitration fees (VAT included) | Administrative fees |
Less than 300,000,000 | 19.000.000 | 5.000.000 |
From 300,000,000 to 500,000,000 | 19,000,000 + 6.2% of the portion of the disputed value exceeding 300,000,000 | 5.000.000 |
From over 500,000,000 to 1,000,000,000 | 31,000,000 + 4.7% of the portion of the disputed value exceeding 500,000,000 | 5.000.000 |
From over 1,000,000,000 to 5,000,000,000 | 55,000,000 + 3.8% of the portion of the disputed value exceeding 1,000,000,000 | 5.000.000 |
From over 5,000,000,000 to 10,000,000,000 | 207,000,000 + 1.9% of the portion of the disputed value exceeding 5,000,000,000 | 8.000.000 |
From over 10,000,000,000 to 50,000,000,000 | 302,000,000 + 0.25% of the share of the disputed value exceeding 10,000,000,000 | 10.000.000 |
From over 50,000,000,000 | 682,000,000 + 0.28% of the portion of the disputed value exceeding 50,000,000,000 | 30.000.000 |
From over 100,000,000,000 to 500,000,000,000 | 824,000,000 + 0.23% of the share of the disputed value exceeding 100,000,000,000 | 50.000.000 |
From over 500,000,000,000 | 1,775,000,000 + 0.19% of the portion of the disputed value exceeding 500,000,000,000 | 80.000.000 |
Refund of arbitration fees
- In the event that the Petition, the Petition is withdrawn again or the parties agree to terminate the settlement of the dispute before the Arbitral Tribunal is established, BIGBOSS INTERNATIONAL shall refund 70% of the arbitration fees paid by the parties.
- In case the Petition, Amended and Supplemented Petition, Re-Petition, Amended and Supplemented Petition are withdrawn after the Arbitration Council is established, BIGBOSS INTERNATIONAL shall refund 40% of the arbitration fee.
- In case the Petition, Amended and Supplemented Petition, Repetition, Amended and Supplemented Petition are withdrawn after BIGBOSS INTERNATIONAL sends the Summons to the Dispute Settlement Meeting and before the date of the Dispute Settlement Meeting, BIGBOSS INTERNATIONAL shall refund 20% of the arbitration fee.
- In case the Arbitral Tribunal issues a Decision to suspend the settlement of the dispute due to non-existent arbitration agreement or invalid arbitration agreement or unenforceable arbitration agreement, BIGBOSS INTERNATIONAL refunds 30% of arbitration fees.