ICSID amends schedule of fees | Practical Law

ICSID amends schedule of fees | Practical Law

On 1 January 2013, the International Centre for Settlement of Investment Disputes (ICSID) will revise its Schedule of Fees.

ICSID amends schedule of fees

Practical Law UK Legal Update 0-523-2491 (Approx. 3 pages)

ICSID amends schedule of fees

by PLC Arbitration
Published on 19 Dec 2012International
On 1 January 2013, the International Centre for Settlement of Investment Disputes (ICSID) will revise its Schedule of Fees.
On 1 January 2013, the International Centre for Settlement of Investment Disputes (ICSID) will revise its Schedule of Fees in relation to non-ICSID cases instituted after 1 January 2013. For the administration of proceedings under other sets of rules, such as the UNCITRAL Arbitration Rules, ICSID will charge an annual fee of US$32,000.
ICSID will also amend its fees for a party applying for the annulment of an arbitral award rendered pursuant to the ICSID Convention to US$25,000.
All other fees remain the same.