CEDRAC Schedule of Costs

Table (1) Administrative Fees

Filing fee

Amount in dispute CEDRAC’s Filing Fee
?50,001 - ?100,000 ?1,200
?100,001 - ?500,000 ?2,500
?500,001 - ?1,000,000 ?3,500
?1,000,001 - ?5,000,000 ?5,000
?5,000,0001 - ?10,000,000 ?7,500
?10,000,000 and above ?10,000

Table (2) CEDRAC Secretariat's Fees

Secretariat's Fee

Amount CEDRAC Secretariat's Fee
Up ?50,000 ?250
?50,001 - ?100,000 ?500
?100,001 - ?500,000 hourly up to max ?1500
?500,001 - ?1,000,000 hourly up to max ?3000

Time spent by the CEDRAC Secretariat

Time spent by the CEDRAC Secretariat
?80 or ?120 per hour spent by administrative staff
?150 per hour spent by Secretary General / Deputy Secretary General / Deputy Director General
?200 per hour spent by Director General
A sum equivalent to 5% of the fees of the Tribunal (excluding expenses) for CEDRAC’s overhead

Time spent by CEDRAC Court Members in carrying out their functions at hourly rates advised by the CEDRAC Court Members

No more than ?,000 and no less that ?,000 for scrutiny on award

?,000 for appointment of an arbitrator

?,500 for appointment of an arbitrator, when acting as appointing authority

Table (3) Arbitrators?Fee and Expenses

Unless otherwise agreed with the parties, the expenses of the arbitrators, plus any applicable VAT, shall be reimbursed as follows:

Travelling expenses
Travelling expenses shall be reimbursed upon production of invoices and/or tickets. For travels by air, the fare of a business class ticket will be reimbursed. Necessary transfers by taxi will be reimbursed upon submission of the receipts.

Per diem
The expenses incurred by an arbitrator for a meeting in connection with an arbitration will be reimbursed by a flat per diem of ?50 per day and arbitrator. The per diem does not include expenses incurred for accommodation at or travelling to the place of the meeting.

Accommodation expenses
If an arbitrator requires accommodation in connection with a journey occasioned by an arbitration, such accommodation costs are reimbursed at a flat rate of ?50. Upon submission of an invoice and/or receipts, the actually incurred accommodation costs may be reimbursed up to the amount of ?50.

Other expenses
Any other reasonable expenses relating to the arbitration (in particular, costs associated with meetings, mail and courier services, telecommunications services and photocopies) are reimbursed based on actual expenditure evidenced by invoices and/or receipts.

Table (3) Arbitrators' Fees

Amount in dispute Sole Arbitrator or Chair Up to Co-arbitrator Up to
Up ?50,000 ?2,000 ?,250
?50,001 - ?100,000 ?3,000 ?,750
?100,001 - ?500,000 ?5,000 ?,500
?500,001 - ?1,000,000 ?12,000 ?,000
?1,000,001 - ?5,000,000 Minimum ?200 and maximum ?00 per hour Minimum ?200 and maximum ?00 per hour
?5,000,0001 - ?10,000,000 Minimum ?200 and maximum ?00 per hour Minimum ?200 and maximum ?00 per hour
?10,000,000 and above Minimum ?200 and maximum ?00 per hour Minimum ?200 and maximum ?00 per hour

VAT is payable at the appropriate rate, where applicable

The request for arbitration should be sent to:

CEDRAC 6, Diogenous Str., Engomi, P.O. Box: 22006, 1516 Nicosia-Cyprus, www.cedrac.org

Registration Fee

Under the CEDRAC Rules the filing fee is as per the Schedule of Costs p. 25 and any applicable VAT rate.

VAT is not applicable for companies with seat outside Cyprus.

The filing fee should be paid to:

Provided upon request. Go to Top