All disputes, for which the above stated agreement is concluded, are under the jurisdiction of the Business Court of Arbitration. The Business Court of Arbitration, however, is not capable of settling disputes, which:
Claim's Amount | Costs of Proceedings | An Arbitrator's fee, if the dispute is adjudicated by | |
*VAT included in the costs of proceedings | one arbitrator | three arbitrators | |
Up to € 1,500.00 | 10% of the sum, but no less than € 105,00 | € 150.00 | € 105,00 |
From € 1,501.00 up to € 7,000.00 | € 170.00 + 2.5% of the amount that exceeds € 1,501.00 | € 300,00 | € 200,00 |
From € 7,001.00 up to € 30,000.00 | € 330.00 +1,6% of the amount that exceeds € 7,001.00 | € 360,00 | € 285,00 |
From € 30,001.00 up to € 150,000.00 | € 540.00 + 0,8% of the amount that exceeds € 30,001.000 | € 715,00 | € 500,00 |
From € 150,001.00 up to € 700,000.00 | € 1,835.00 + 0,35% of the amount that exceeds € 150,001.00 | € 1285,00 | € 700,00 |
From € 700,001.00 up to € 1,500,000.00 | € 3,260.00 + 0,1% of the amount that exceeds € 700,001.00 | € 1710,00 | € 990,00 |
Over € 1,500,001.00 | € 4,300.00 + 0,05% of the amount that exceeds € 1,500,001.00 | € 2500,00 | € 1350,00 |
Non-financial claims | € 250,00 | € 250,00 | € 145,00 |
Costs of arbitral proceedings shall be paid to:
Association ‘BŠ’, registration No. 40008239911
Luminor Bank AS,
Bank account – LV93NDEA0000084540586.