Arbitrations under the Rules of the Arbitration Institute / Expedited
Arbitration
The Arbitration Institute charges a registration
fee for the request for arbitration, as well as for any counterclaims
or set-off claims that are presented.
The registration fee is determined on the basis of the amount in dispute, i.e. the total
value of the claimant’s claims and the respondent’s counterclaims and set-off
claims, respectively (capital + any interest). Legal expenses are not included.
In the case of claims for declaratory relief, the value of the claims shall
also be indicated. Failing this, the Arbitration Institute shall assess the
value of the declaratory claims.
For purposes of determining the registration fee, any
interest on the capital amount of the claim shall be calculated until the date
of the request or answer, whichever applies.
You may calculate the
registration fee by using the calculator. The registration fee is not subject to VAT.
Requests to the Arbitration Institute to act as Appointing Authority only
The Arbitration Institute charges a registration fee for the request.
The registration fee is determined on the basis of the
amount in dispute, as explained above, with the following differences:
No registration
fee is charged for the counterclaim.
You may calculate the registration fee by using the
calculator taking into consideration that in this case the following maximum fees apply:
Amount in dispute
below EUR 600,000: maximum fee EUR 5,000
Amount in dispute
equal to or above EUR 600,000: maximum fee EUR 10,000
Requests for Appointment of a
Conciliator
The fee for the appointment of a conciliator is EUR 5,000.
Payment
The registration fee shall be paid into the following
account of the Central Chamber of Commerce of Finland before the request or answer,
whichever applies, is filed:
Bank: Nordea Bank
Finland Plc
SWIFT: NDEAFIHH IBAN: FI23 1200 3000 0539 91 Beneficiary : The Central Chamber of Commerce of Finland, Aleksanterinkatu 17.
P.O. Box 1000, 00101 Helsinki, Finland
(VAT number: FI02014692)
When effecting the payment, please indicate as reference “Registration fee
of the Arbitration Institute”, the parties to the case and the date of the
request or answer, whichever applies.
Example: Registration fee of the Arbitration Institute
in case XXX vs. YYY, 25 April 2010.
A receipt for the payment of the registration fee has to be appended to the
request or answer, whichever applies.
Refund of the Registration Fee
In the case of withdrawal of the matter, a partial refund
of the registration fee is possible on request, subject to the following
conditions:
The Arbitration
Institute will retain the minimum non-refundable registration fee of EUR 1,200.
The refund of the
remainder of the registration fee will depend on the stage of the arbitration
proceedings at which the withdrawal request is received.
No refund is
possible after the Arbitration Institute has appointed the arbitral tribunal.
Other Administrative Charges
The Central Chamber of Commerce of Finland may also make
charges for other administrative costs and expenses incurred in connection with
the arbitration.
Fees of the Arbitrators
The Arbitration Institute of the Central Chamber of
Commerce of Finland has a table of suggested fees for arbitrators conducting
arbitrations under the Arbitration Institute’s Rules and Rules for Expedited
Arbitration. The table does not apply to ad
hoc arbitrations, where the Arbitration Institute acts as an appointing
authority only, nor applies to share redemption disputes under the Companies
Act of Finland.
