Litigation fees

Dispute type

The number of arbitrators
The arbitration costs
Administrative expenses Each arbitrators fee Total
€ 0.00 € 0.00 € 0.00

 

Supplement No. 2 to the Rules of the Riga International Arbitration Court

SUM IN DISPUTE** ADMINISTRATIVE EXPENSES EACH ARBITRATOR’S FEE
If the dispute is settled by
1 arbitrator 3 or more arbitrators
Up to EUR 1'422 10% no summas, bet ne mazāk kā EUR 71 EUR 95 EUR 71
EUR 1'422 - 7'114 EUR 142 + 2% of sum which exceeds EUR 1'422 EUR 142 EUR 99
EUR 7´114 - 28´457 EUR 256 + 1% of sum which exceeds EUR 7'114 EUR 213 EUR 142
EUR 28'457 - 142'287 EUR 469 + 0,8% of sum which exceeds EUR 28'457 EUR 498 EUR 284
EUR 142'287 - 711'436 EUR 1'380 + 0,3% of sum which exceeds EUR 142'287 EUR 854 EUR 498
EUR 711'436 - 1'422'872 EUR 3'087 + 0,2% of sum which exceeds EUR 711'436 EUR 1'280 EUR 711
Virs EUR 1'422'872 EUR 4'510 + 0,1% of sum which exceeds EUR 1'422'872 EUR 2'134 EUR 1'067
IN CLAIMS that are not related to property or are not to be evaluated EUR 213 EEUR 213 EUR142

**The sum of a claim is:

  1. in claims for debt recovery - the sum to be recovered;
  2. in claims for property reclamation - value of the claimed property;
  3. in claims for pre-term termination of tenancy and lease agreement - a total sum for the remaining term of agreement, but not more than for three years;
  4. in claims for termination of a deal or declaring it invalid - debatable sum of the deal;
  5. claims for property rights on immovable property - its value, but not less than its cadastral value;
  6. in claims consisting of several independent property claims - a total sum of all the claims

SUPPLEMENT!

In accordance with the Law On Value Added Tax the VAT of 21% shall be applied to the total amount of the arbitration expenses (administrative expenses and arbitrator's fee).

  • The party which wishes that the session of the Arbitral Tribunal is recorded shall pay to the Arbitration Court the fee for services of the secretary in the amount of 71 EUR (+ 21%). If the session of the Arbitral Tribunal lasts longer than three hours, the fee for services of the secretary shall be established on the basis of the rate of 21 EUR (+ 21%) per hour, which shall be paid to the Arbitration Court in addition.
  • The fee for services of the translator is determined on the basis of the schedule of fees presented by the sworn translator, translator or translation agency. 
  • The fee for services of the expert is determined on the basis of the schedule of fees presented by the expert, expert office or other organisation which issues the expert's opinion. 
  • The travel and accommodation expenses of the arbitrator shall be determined on the basis of invoices and supporting documents submitted by the arbitrator.

* For making of a copy of an archive file, namely the file which consideration is finished with an arbitration resolution, including additional copies of the arbitration resolution, must be paid LVL 0.28 EUR + 21% VAT per page. 

The arbitration expenses shall be payable to the account No. LV39HABA0001408038621 of society “Riga International Arbitration Court” reg. Nr. LV40003268219 with JSC Swedbank, SWIFT: HABA LV22.

Contacts

Palasta str 10, Riga, Latvia
LV-1050

Phone:
+ 371 6 722 2822
Fax:
+ 371 6 722 4447
E-mail:

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Opening hours:

- Monday 10:00-13:00 and 14:00-16:00

- Tuesday 10:00-13:00 and 14:00-16:00

- Wednesday 10:00-13:00 and 14:00-16:00

- Thursday 10:00-13:00 and 14:00-16:00

- Friday 10:00-14:00

Why we?

Expenses

Legal expenses of the Riga International Arbitration Court are substantially lower than the court fees of the state’s courts of law and there are no expenses for appeals and the Supreme Court of Cassation needed.

Competence

Arbitration Court has an extensive list of arbitrators, consisting of highly competent professionals.

Quickness

Arbitration Court settles any disputes with no unnecessary delay - within a period between a month and 3 months, depending on the complexity of a case.