33. - Deposits

33.1 Upon receipt of notification from the Court of the establishment of the Tribunal, the Claimant and the Respondent shall each deposit an equal amount as an advance for the costs of arbitration. In the course of the arbitration, the Court may require that the Parties make supplementary deposits.

33.2 If the required deposits are not paid in full within 15 (fifteen) days after receipt of the corresponding notification, the Court informs the Parties in order that either of them may make the required payment.

33.3 Where the amount of the counter-claim greatly exceed the amount of the claim or involves the examination of significantly different matters, or where it otherwise appears appropriate in the circumstances, the Court in its discretion may establish two separate deposits on account of claim and counter-claim. If separate deposits are established, the totality of the deposit on account of claim is paid by the Claimant and the totality of the deposit on account of counter claim is paid by the Respondent.

33.4 If a Party fails, within 15 (fifteen) days after a second reminder in writing from the Court, to pay the required deposit, it is deemed to have withdrawn the relevant claim or counter-claim.

33.5 After the award has been made, the Court shall, in accordance with the award, render an accounting to the Parties of the deposits received and return any unexpended balance to the Parties or require the payment of any amount due by the Parties.