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+ (371) 67-270-701
+ (371) 67-270-701

Mon - Fri: 10:00 - 16:00

info@biznesaskirejtiesa.lv

The Business Court of Arbitration is a fully independent non-state organization, which settles civil disputes between natural or legal persons, indifferently from their subject, complexity and location of the parties in dispute.

The only requirement for submitting the case to the Business Court of Arbitration is a written agreement of the parties, confirming their wish of their dispute to be settled in the Business Court of Arbitration.

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:

  • are connected with alteration of the Acts of Civic State Register;
  • are connected with the rights or interests of the persons in ward or tutelage;
  • are connected with real estate, but among the participants there is a person, whose rights to acquire real estate are limited by the law;
  • are connected with the interests of the third person, who has not asked the Business Court of Arbitration to interfere in his propertied interests;
  • one of the parties is a state or municipal establishment.

Court

Our practice

The Business Court of Arbitration settles disputes in accordance with its rules, unless the parties have agreed of another trial procedure, and also in accordance with the Civil Law of Procedures of the Republic of Latvia.

COURT JURISDICTION

The Business Arbitration Court has the right to settle civil and legal disputes between both physical persons and legal entities, regardless of whether they are located within Latvian borders or beyond them.
+ (371) 67-270-701

About

Business Arbitration Court

Any case which is subject to the Civil Law can be settled in the Business Arbitration Court, unless:

The court decision might infringe the rights or legal interests of a third party which does not participate in the Arbitration Agreement.

One or more of the parties is a federal or municipal entity, or the court decision might infringe the rights of such an entity.

The case involves changes in the Civilian Status Register.

The case involves rights or legal interests of a person under guardianship or trusteeship.

The case involves enforcing, altering or cessation of proprietary interests of a person whose rights to own, manage or rent real estate are restricted by law.

The case involves eviction of a person from his/her living quarters.

The case is an individual labor dispute between an employer and an employee.

The case involves the rights or the obligations of a person deemed insolvent prior to the Arbitration Court decision.

Compare

Prices

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
  • Fees of the Arbitration secretary shall be at € 70.00 for the recording of each arbitral hearing. A party that would like the arbitral hearing is recorded, prior to the arbitral hearing shall pay to the Arbitration fees for the secretary’s service at € 70.00 for each hearing.
  • Fees for the translator’s service shall be determined according to the estimate drawn up by the certified translator, translator or translation agency.
  • Fees for the expert’s service shall be determined according to the estimate drawn up by the expert, expert-examination institution or other institution, which has executed the expert-examination.
  • Costs for the post service at € 14.00 shall be paid prior to the application is lodged.
  • Costs for issuing of a copy of the document of the case-file shall be at € 0.28 per page.
  • Arbitrator’s travel and accommodation expenses shall be determined according to the calculation and supporting documents thereof, submitted by the arbitrator. If the arbitrators have been invited from abroad, their travelling time shall be paid at the amount of the usual professional-hour rate.
  • Fees of the Arbitration secretary shall be at € 70.00 for the recording of each arbitral hearing. A party that would like the arbitral hearing is recorded, prior to the arbitral hearing shall pay to the Arbitration fees for the secretary’s service at € 70.00 for each hearing.
  • Fees for the translator’s service shall be determined according to the estimate drawn up by the certified translator, translator or translation agency.
  • Fees for the expert’s service shall be determined according to the estimate drawn up by the expert, expert-examination institution or other institution, which has executed the expert-examination.

 

Costs of arbitral proceedings shall be paid to:
Association ‘BŠ’, registration No. 40008239911
Luminor Bank AS,
Bank account – LV93NDEA0000084540586.

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