Business Security / Arbitration Court / Prices

Prices

AMOUNT OF THE CLAIM	CHARGE FOR PROCEEDINGS	FEE FOR ONE ARBITRATOR
		if the dispute is settled by:
		1 arbitrator	3 arbitrators
Below 1 '000 Ls	10% of the sum, but no less than 75 Ls	100 Ls	75 Ls
From 1 '000 Ls to 5'000 Ls	120 Ls + 2,5% of the sum above 1000 Ls	200 Ls	150 Ls
From 5'000 Ls to 20'000 Ls	230 Ls + 1,6 % of the sum above 5000 Ls	250 Ls	200Ls
From 20'000 Ls to 100'000 Ls	380 Ls + 0,8% of the sum above 20'000 Ls	500 Ls	350 Ls
From 100'000Ls to 500'000 Ls	1290 Ls + 0,25% of the sum above 100'000 Ls	900 Ls	500 Ls
From 500'000 Ls to 1'000'000 Ls	2290 Ls+0,1% of the sum above 500'000 Ls	1200 Ls	700 Ls
Above 1'000'000 Ls	3000 Ls + 0,05% of the sum above 1'000'000 Ls	1,700Ls	950 Ls
NON-PROPERTIED CLAIMS	150Ls	150 Ls	100Ls

* The Party wishing that the Arbitration Court session is fixed in the protocol shall pay to the Arbitration Court remuneration for the secretary services in amount of 70 Ls. When the Arbitration Court session lasts longer than three hours the remuneration for secretarial services is determined as per the rate 25 Ls per 1 hour that is payable in favour of the Arbitration Court additionally.
* Remuneration for services of a sworn translator is determined in accordance with the estimation of costs composed by the sworn translator, translator or the translation office.
* Remuneration for services of an expert is determined in accordance with the estimation of costs composed by the expert, expert office or the other institution performing expertise.
* Amount of travel and living expenses of an arbitrator is determined in accordance with the calculation submitted by the arbitrator and the justifying documents.
* Costs of the Arbitration Court proceedings are to be paid to: the bank account No. LV29BATR0051802015800 of the LLC "BIZNESA DROŠĪBA" in the JSC "GE MONEY BANK", "Tranzīts" branch, payment settlement group "Pērnava" (code BATRLV2X), but arbitrators' fees - personally to the arbitrators.