PIAC charges users of its services various fees including filling fee, administrative fee, appointment fee, arbitrator fee and facilities charges as follows:
1/. Case Filling Fee: US$500.00
A filing fee is applicable to all cases administered by the PIAC. It is a one-time and non-refundable filing fee.
2/. Administrative Fee
|
Claim or Counterclaim |
Administration Fee |
|
Up to US$50,000.00 |
US$2,750.00 |
|
US$50,001.00 to US$100,000.00 |
US$2,750.00 + 2% excess over US$50,000.00 |
|
US$100,001.00 to US$500,000.00 |
US$3,750.00 + 1% excess over US$100,000.00 |
|
US$500,001.00 to US$1,000,000.00 |
US$7,750.00 + 0.75% excess over US$ 500,000.00 |
|
US$1,000,001.00 to US$2,000,000.00 |
US$11,500.00 + 0.5% excess over US$ 1,000,000.00 |
|
US$2,000,001.00 to US$5,000,000.00 |
US$16,500.00 + 0.25% excess over US$ 2,000,000.00 |
|
US$5,000,001.00 to US$10,000,000.00 |
US$24,000.00 + 0.125% excess over US$ 5,000,000.00 |
|
US$10,000,001.00 to US$50,000,000.00 |
US$30,250.00 + 0.075% excess over US$ 10,000,000.00 |
|
Above US$50,000,000.00 |
US$60,250.00 (maximum) |
3/. Appointment Fee: US$500.00
The appointment fee is payable where a request for appointment of arbitrator is made in an ad hoc case. The fee is payable by the party requesting the appointment. The request for appointment must be accompanied by the payment.
4/. Arbitrator(s)’ Fee:
(a) The Arbitrator (s)’ fee will be calculated by reference to work done by such arbitrator (s) in connection with the arbitration and will be charged at rates appropriate to the particular circumstances of the case, including its complexity and the special qualifications of the arbitrator(s). The rates will be published by the Registrar at the time of the appointment of the Arbitrator(s) but may be reviewed annually if the duration of the arbitration requires.
The fee rates shall be within the following range:
US$150.00 per hour to US$350.00 per hour
However, in exceptional cases, the rate may be higher or lower, provided that,
in such cases, (i) the fees of the Arbitrator (s) shall be fixed by the PIAC on
the recommendation of the Registrar, following consultations with the
arbitrator(s), and (ii) the fees shall be agreed expressly by all parties.
(b) The Arbitrator (s)’s fees do not include any charge for time spent traveling.
(c) The Arbitrator (s)’s fees may include a charge for time reserved but not
used as a result of late postponement or cancellation, provided that the basis
for such charge shall be advised in writing to, and approved by, the PIAC.
(d) The Arbitrator (s) may also recover such expenses as are reasonably
incurred in connection with the arbitration, and as are in a reasonable amount,
provided that claims for expenses should be supported by invoices or receipts.
(e) The Arbitrator (s)’s fees and expenses may be invoiced either in VN$ or in US$
subject to the Exchange Control Regulations of Vietnam.
(f) In the event of the revocation of the appointment of any arbitrator, pursuant
to the PIAC Rules, the PIAC shall decide upon the amount of fees and expenses
to be paid for the former arbitrator’s services (if any) as it may consider
appropriate in all the circumstances.
The Registrar of PIAC may review the prescribed maximum fee in exceptional circumstances.
5/ Facilities charges: Quote available upon request
- Hearing Rooms Rental
- Video Conference
- Telephone Conference
- Audio Recording
- Video Recording
- Audio Transcription
- Interpretation/Translation
- Transcription
- Lodgment of Ad hoc Awards
- Certification of Awards
- Photocopying
- Staff Overtime
- All foreign currencies are approximately converted into pound sterling at exchange rates published on 19 July 2008.
- Except HKIAC does not charge for case filling fee, SIAC, CIETAC and JCAA all charge for case filling or registration fee. SIAC charges S$1000 (approximately £370) for filling fee which is not refundable. CIETAC charges RMB 10,000 Yuan (approximately £734) for case registration and JCAA charges ¥52,500 Yen (£247) for request fee. These charges are less expensive than the LCIA's registration fee of £1,500
- Administrative fees of LCIA Secretariat are calculated on the hourly rates ranging from £100 to £200 per hour. Administrative fees of HKIAC, SIAC, CIETAC and JCAA vary with the size of the claim. This fee scale is the same as SIAC.
- LCIA charges £1000 for appointment fee. HKIAC charges HK$4000 (£257) for appointment of arbitrator (s) and another HK$4000 (£257) separately for determination of number of arbitrators if so required. SIAC charges from S$2000 (£740) to S$4000 (£1480) for appointment fee depending on the number of arbitrators. CIETAC and JCAA do not have this type of charge.
- LCIA Tribunal members’ expenses are calculated at hourly rates which may range from £150 to £350 per hour. HKIAC does not fix arbitrator fee although arbitrator fee is normally calculated by involved parties on the time engaged basis. Previously SIAC followed the practice in many common law jurisdictions of paying arbitrators based on time used. Since 1st July 2007, SIAC has adopted a quantum based scale of fees for arbitration in place of the previous time based fees. This fee calculated in accordance with the schedule is the amount payable to one arbitrator. Like HKIAC & LCIA, JCAA also charges for arbitrator fee on the time engaged basis. Previously, arbitrator’s hourly rates ranged from 25,000 Yen (£117) to 30,000 Yen (£140) and 40,000 Yen (£187). Since 1st January 2008, JCAA’s arbitrator charge rates have been increased from a minimum of 30,000 yen (£140) to a maximum of 80,000 Yen (£374) per hour.[5]However, JCAA also fixes upper limit of the Arbitrator’s Remuneration.
- All rates above are subject to the prevailing Value Added Tax (VAT) and subject to change without notice
