Supplement No. 2 to the Rules of the Riga International Arbitration Court


SUM IN DISPUTE**
ADMINISTRATIVE EXPENSES
EACH ARBITRATOR’S FEE
If the dispute is settled by
1 arbitrator
3 or more arbitrators
 up to 1’000 Ls  10% of sum, but not less than50 Ls
65 Ls
50 Ls
 from 1’000 Ls to 5’000 Ls  100 Ls + 2% of sum which exceeds 1000 Ls
100 Ls
70 Ls
 from 5’000 Ls to 20’000 Ls  180 Ls + 1% of sum which exceeds 5000 Ls
150 Ls
100 Ls
 from 20’000 Ls to 100’000 Ls  330 Ls + 0,8% of sum which exceeds 20’000 Ls
350 Ls
200 Ls
 from 100’000 Ls to 500’000 Ls  970 Ls + 0,3% of sum which exceeds 100’000 Ls
600 Ls
350 Ls
 from 500’000 Ls to 1’000’000 Ls    2170 Ls + 0,2% of sum which exceeds 500’000 Ls
900 Ls
500 Ls
 over 1’000’000 Ls  3170 Ls + 0,1% of sum which exceeds 1’000’000 Ls  
1,500 Ls
750 Ls
 IN CLAIMS that are not related to property or are not to be evaluated  150 Ls
150 Ls
100 Ls


**The sum of a claim is:
1) in claims for debt recovery - the sum to be recovered;
2) in claims for property reclamation - value of the claimed property;
3) in claims for pre-term termination of tenancy and lease agreement - a total sum for the remaining term of agreement, but not more than for three years;
4) in claims for termination of a deal or declaring it invalid - debatable sum of the deal;
5) claims for property rights on immovable property - its value, but not less than its cadastral value;
6) in claims consisting of several independent property claims - a total sum of all the claims

SUPPLEMENT!

In accordance with Amendment [§1(3) and §4(7)3] of the Law On Value Added Tax as of 01.01.2001 the VAT of 22% shall be applied to the total amount of the arbitration expenses (administrative expenses and arbitrator's fee).

  • The party which wishes that the session of the Arbitral Tribunal is recorded shall pay to the Arbitration Court the fee for services of the secretary in the amount of 50 Ls (+ 22%). If the session of the Arbitral Tribunal lasts longer than three hours, the fee for services of the secretary shall be established on the basis of the rate of 15 Ls (+ 22%) per hour, which shall be paid to the Arbitration Court in addition.
  • The fee for services of the translator is determined on the basis of the schedule of fees presented by the sworn translator, translator or translation agency.
  • The fee for services of the expert is determined on the basis of the schedule of fees presented by the expert, expert office or other organisation which issues the expert's opinion.
  • The travel and accommodation expenses of the arbitrator shall be determined on the basis of invoices and supporting documents submitted by the arbitrator.
* For making of a copy of an archive file, namely the file which consideration is finished with an arbitration resolution, including additional copies of the arbitration resolution, must be paid LVL 0.20 + 22% VAT per page.

The arbitration expenses shall be payable to the account No. LV39HABA0001408038621 of society “Riga International Arbitration Court” reg. Nr. LV40003268219 with JSC Swedbank, SWIFT: HABA LV22.