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Rules of Proceedings of the Court of Arbitration attached to the Hungarian Chamber of Commerce and Industry effective as of April 1, 2000

Standard Arbitration Clause

I. - General Provisions

II. - Arbitral Proceedings

III. - Conciliation Procedure

Regulation on the Arbitration Fees, Costs and Expenses of the Parties

Art. 1. Definitions

Art. 2. Registration Fee

Art. 3. Arbitration Fee

Art. 4. Reduction and Partial Refunding of the Arbitration Fee

Art. 5. Arbitration Fee in Respect Counterclaims

Art. 6. Division of the Arbitration Fee

Art. 7. Arbitration Fee of Conciliation Procedure

Art. 8. Expenses Relating to Arbitration

Art. 9. The Expenses of the Parties

Art. 10. Exceptions

Exhibit 1

Exhibit 2

Information Page

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

Rules of Proceedings of the Court of Arbitration attached to the Hungarian Chamber of Commerce and Industry effective as of April 1, 2000

copy @ Lex Mercatoria

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. 3. Arbitration Fee

(1) As a condition to the institution of the proceedings, an arbitration fee proportional to the amount in dispute shall be paid to a bank account of the Hungarian Chamber of Commerce and Industry, which bank account shall be notified by the Secretariat of the Arbitration Court.

(2) The arbitration fee shall be determined, depending on the amount in dispute, pursuant to the Hungarian Forint chart [Exhibit 1] or the USD chart [Exhibit 2].

(3) (a) The arbitration fee shall be computed in the following currency:

- in Hungarian forint, if the amount in dispute has been denominated in Hungarian Forint;

- in USD (mid-exchange rate quoted by the National Bank of Hungary), if the amount in dispute has been denominated in other than Hungarian Forints.

(b) The arbitration fee shall be paid in the following currency:

- in Hungarian Forints, if the claimant is deemed to be Hungarian for purposes of foreign exchange regulations;

- in USD, if the claimant is deemed to be a foreigner, for purposes of foreign exchange regulations, from a former CMEA country;

- in any convertible currency, which was denominated for the amount in disputed by the person, deemed to be a foreigner, for purposes of foreign exchange regulations, from a country other than a former CMEA country.

(4) If claims are submitted in various currencies, the Arbitration Court shall determine a single currency for the arbitration fee.

(5) The arbitration fee is considered to have been paid upon the claimant giving irrevocable instructions to the Bank of his own country for the transfer of the sum, provided that this sum is credited to the account of the Hungarian Chamber of Commerce and Industry within thirty days from said date.


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