Administrative Fees
The following fees shall be paid to the CDB Secretariat by the Claimant(s)
at the same time that a Request for Arbitration is lodged. In the event of
success in the arbitration, these fees will be reimbursed to the Claimant(s)
and collected from the losing party or parties.
These fees are intended to cover the CDB Secretariat's expenses during the
administration of an arbitration proceeding. The fees cover processing,
photocopying charges, postage and/or courier delivery of documents, telephone,
fax or e-mail charges.
The charges are based on (1) the value of the sum in dispute and (2) the
number of parties involved. The correct fee payable for a given arbitration is
found at the intersection of the relevant rows and columns. Thus, for a
contract dispute over a sum of Nu. 2,000,000 and concerning 3 parties (one
Claimant and two Respondents, for example), the correct fee would be Nu. 4,000
(intersection of row 3/column 2).
|
Total Sum in Dispute
|
Number of
Parties |
| 2 |
3-4 |
5+ |
| 1. Up to Nu. 100,000 |
1,000 |
2,000 |
3,000 |
| 2. From Nu.
100,000 to Nu. 1,000,000 |
2,000 |
3,000 |
4,000 |
| 3. From Nu.
1,000,001 to Nu. 25,000,000 |
3,000 |
4,000 |
5,000 |
| 4. From Nu. 25,000,001 to
Nu. 100,000,000 |
4,000 |
5,000 |
6,000 |
| 5. Above Nu. 100,000,000 |
5,000 |
6,000 |
7,000 |
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