Rules of Proceedings of the Court of Arbitration attached to the Hungarian Chamber of Commerce and Industry effective as of April 1, 2000
Regulation on the Arbitration Fees, Costs and Expenses of the Parties
Art. 1. Definitions
(1) "Registration Fee": the non-refundable fee to be paid simultaneously with filing the statement of claim as the condition of the launching of the proceedings.
(2) "Arbitration Fee": A payment covering the general costs of the operation of the Arbitration Court (arbitrators' fees, fees of legal and technical staff, administrative services, etc.) to be advanced by the claimant (claimant of counterclaim) as a condition to the continuation of the proceedings.
(3) "Arbitration Costs": Other costs incurred by the Arbitration Court in the course of the proceedings: experts' fees and additional costs of proceedings held in non Hungarian, English or German languages (see Art. 9 of the Rules of Proceedings, costs of other translations if any, fees of interpreters, experts and witnesses, travel and accommodation costs of arbitrators).
(4) "Expenses of the Parties": Costs incurred by the parties in connection with protecting their interests before the Arbitration Court (travel expenses of the parties, legal fees, etc.).
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