Re: Repeat! icsid fees
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Message: Re: Repeat! icsid fees
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International Centre for Settlement of Investment Disputes
SCHEDULE OF FEES (January 1, 2008) Fee for Lodging Requests 1. Subject to paragraph 2 below, the fee prescribed pursuant to Administrative and Financial Regulation 16 is US$25,000. This non-refundable fee is payable to the Centre by the party requesting the institution of conciliation or arbitration proceedings under the Convention. 2. A non-refundable fee of US$10,000 is payable to the Centre by the party requesting a supplementary decision to, or the rectification, interpretation, revision or annulment of an arbitral award rendered pursuant to the Convention. The same fee is payable by the party requesting the resubmission of a dispute to a new Tribunal after the annulment of such an award. Fees and Expenses of Conciliators, Arbitrators and ad hoc Committee Members 3. In addition to receiving reimbursement for any direct expenses reasonably incurred, conciliators, arbitrators and
ad hoc
Committee members are entitled to receive, unless otherwise agreed between them and the parties, a fee of US$3,000 per day of meetings or other work performed in connection with the proceedings, as well as subsistence allowances and reimbursement of travel expenses within limits set forth in Administrative and Financial Regulation 14.
Administrative Charges
4. An administrative charge of US$20,000 is made by the Centre following the constitution of the Conciliation Commission, Arbitral Tribunal or
ad hoc Committee concerned and on an annual basis thereafter.*
Administrative charges are also made by the Centre for reimbursement of its out-of-pocket expenses incurred for the particular proceeding concerned. These include expenses for the services of persons (such as interpreters, reporters and secretaries) especially engaged by the Centre for the proceeding..
5. If the proceeding is held away from the seat of the Centre, additional charges include: US$1,500 per day of meetings when the Secretary of the Commission, Tribunal or Committee attends the meetings; reimbursement of the travel and subsistence expenses of the Secretary; and any charges by the host of the meetings. 6. Administrative charges, and the fees and expenses of the Commission, Tribunal or Committee, are met from advance payments that the parties are periodically requested to make to the Centre under Administrative and Financial Regulation 14.
*
The previous annual administrative charge of US$ 10,000 will apply until January 1, 2009 to proceedings instituted prior to January 1, 2008.
Charges for Special Services
7. A party requesting the Centre to perform a special service (such as the provision of translations or copies) must under Administrative and Financial Regulation 15 deposit in advance an amount sufficient to cover the resulting charges. For such services as the provision of translations or copies, the charges are determined on the basis of rates established by the World Bank under its normal administrative procedures.
Appointment of Arbitrators 8. A fee of US$10,000 is payable to the Centre by the party requesting the Secretary-General to appoint, or to decide on the challenge of, an arbitrator for any arbitration not conducted under the Convention or Additional Facility Rules.
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