Arbitration costs
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Arbitration costs of the LCCI Court of Arbitration consist of the arbitration expenses and arbitrator's fee.
The tables below provide information about the costs of arbitration of the LCCI Court of Arbitration, as those are laid down by the LCCI Rules of Arbitration and LCCI Rules of Arbitration for the Settlement of Small Disputes.
Arbitration charges
Arbitrator’s Fee
|
Sum in dispute (LVL)
|
Arbitrator’s Fee (LVL)* |
| up to 5 000 |
250 |
| from 5 001 to 25 000 |
375 |
| from 25 001 to 50 000 |
500 |
| from 50 001 to 250 000 |
1 000 |
| from 250 001 to 500 000 |
2 000 |
| from 500 001 to 1 000 000 |
3 500 |
| from 1 000 001 to 2 500 000 |
5 000 |
| over 2 500 001 |
6 000 |
* Value Added Tax not included
Administrative Expenses
|
|
Administrative Expenses (LVL)* |
| Up to 12 500 |
375 |
| from 12 501 to 25 000 |
500 |
| from 25 001 to 50 000 |
625 + 1% of amount over 25 001 |
| from 50 001 to 250 000 |
1000 + 0,7% of amount over 50 001 |
| from 250 001 to 500 000 |
2000 + 0,5 % of amount over 250 001 |
| from 500 001 to 1 000 000 |
3000+ 0,2% of amount over 500 001 |
| from 1 000 001 to 2 500 000 |
3225 + 0,1 % of amount over 1 000 001 |
| over 2 500 001 |
4225 + 0,05% of amount over 2 500 001 |
* Value Added Tax not included
Other Expenses
Keeping the minutes of arbitration hearings LVL 60,-
Additional ruling LVL 6,-
Arbitration charges
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