Arbitration costs
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The arbitration costs shall include the fees and expenses of the arbitrator, as well as the administrative expenses of the Secretariat. The fees and costs of the arbitrator shall be dertermined by the Secretariat in accordance with the amount in dispute and within the limits mentioned hereinafter. Sum in dispute Fees (in euro) Minimum Maximum
otae = of the amount exceeding 1.2. The administrative costs of CEPANI are fixed at 10% of the fees and are subject to VAT.
2. Each Request for arbitration pursuant to the rules must be accompanied by an advance payment of 500 EUR on administrative costs. Such payment is non-refundable, and shall be credited to the Claimant’s portion of the advance on costs for arbitration.
For arbitrations of limited financial importance the amount is set at 250 EUR.
Modified by the decision of the General Assembly of CEPANI of June 13th 2007
3. When the arbitrator is subject to VAT, he shall so inform the Secretariat, which will charge the parties with the VAT owed on the arbitrator's fees.
4. The Secretariat may fix the arbitration costs at a higher or lower figure than that which would result from the application of the Scale of Arbitration Costs, should this be deemed necessary due to the exceptional circumstances of the case.
5. When a tribunal of three arbitrators has been appointed, the above rates of costs and fees shall be multiplied with 2,5.
When the arbitral tribunal is composed of more than three arbitrators, the Secretariat of CEPANI shall determine the arbitration costs accordingly.
6. Prior to any technical expertise ordered by the Arbitral Tribunal, the parties or one of them shall pay an advance, the amount of which shall be determined by the arbitral tribunal and cover the probable costs and fees of the expert(s). The fees and final costs of the expert shall be determined by the Arbitral Tribunal.
The award shall allocate the technical expert appraisal costs between the parties in whatever proportion is decided.
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