Lex Mercatoria

www.lexmercatoria.org

www.jus.uio.no/lm

  toc   scroll    txt   pdf   pdf    odt    A-Z  Document Manifest   home 
<< previous TOC next >>
< ^ >

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. 8. Expenses Relating to Arbitration

(1) The parties shall bear the expenses of arbitration in accordance with the provisions of Art. 6.

(2) If the proceedings are conducted in a language other than the Hungarian, the German or the English language (Art. 9. of the Rules of Proceedings), then the parties shall advance or bear the excess costs that may be incurred as a result of the use of such a foreign language in equal proportions. If the defendant does not comply with the request of the Arbitration Court for the advance payment of such costs within the time period determined, then at the request of the Arbitration Court, the claimant shall advance the amount of such costs. If the claimant fails to do so, the Arbitration Court will request that the parties agree, within a certain time period, upon the use of either the Hungarian, the German or the English language during the proceedings. If the parties fail to comply with such a request, the Arbitration Court shall, taking into consideration all relevant factors relating to the specific case, determine the use of one of the afore listed languages as the language of the proceedings.

(3) The Arbitration Court may request that the claimant pay an advance to cover the costs arising in connection with the measures necessary to conduct the proceedings. The Arbitration Court may request that the party whose motion to take a certain measure in the opinion of the Arbitration Court is justified also make an advance payment.

(4) The Arbitration Court may request the party who appointed an arbitrator with residence in the country or abroad, or the parties who appointed a presiding arbitrator with residence in the country or abroad, to advance the travel and living expenses and the interpreter's costs of such arbitrator or presiding arbitrator. If the presiding arbitrator's residence is in the country or abroad, the parties shall advance such costs in equal proportions.

(5) The costs of arbitration shall be determined in the currency in which they have been incurred and shall be paid to the account of the Hungarian Chamber of Commerce and Industry maintained at such bank as the Secretariat will give notice of.

(6) Paragraph (5) of Art. 3. shall apply to the payment of costs and cost advances.


  toc   scroll    txt   pdf   pdf    odt    A-Z  Document Manifest   home 
<< previous TOC next >>
< ^ >

Lex Mercatoria -->

( International Trade/Commercial Law & e-Commerce Monitor )

W3 since October 3 1993
1993 - 2010

started @The University of Tromsø, Norway, 1993
hosted by The University of Oslo, Norway, since 1998
in fellowship with The Institute of International Commercial Law,
Pace University, White Plains, New York, U.S.A.

Disclaimer!

© 

Ralph Amissah




Lex Mercatoria