Arbitrations under the Rules of the
Arbitration Institute / Rules for 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. The registration fee is
not subject to VAT.
Please use the
registration fee calculator:
Requests to the Arbitration Institute to
act as Appointing Authority
only (Ad Hoc Arbitration)
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 respondent's counterclaim or set-off claim.
You may use the
registration fee calculator taking into account that in this case the
following maximum fees apply:
Amount in dispute
below EUR 600,000: maximum fee EUR 4,000
Amount in dispute
equal to or above EUR 600,000: maximum fee EUR 6,000
Requests for Appointment of a
Conciliator
The fee for the appointment of a conciliator is EUR 5,000.
Payment of the
Registration Fee
The registration fee shall be paid into
the following
account of The Finland Chamber of Commerce before filing the request or
answer,
whichever applies:
Bank:
Nordea Bank
Finland Plc
SWIFT:
NDEAFIHH IBAN:
FI23 1200 300 0539 91 Beneficiary : The Finland Chamber of
Commerce,
Aleksanterinkatu 17,
P.O. Box 1000,
00101
Helsinki, Finland
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 is to
be appended to the
request or answer, whichever applies.
Refund of the Registration Fee
If the case is withdrawn, a partial refund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 1,500.
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
Finland Chamber of Commerce may also make
charges for other administrative costs and expenses incurred in
connection with
the arbitration.
Arbitrators' Fees
The Arbitration Institute of the Finland Chamber of
Commerce has a table of suggested fees for
arbitrators in
arbitrations conducted 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.
