DIS Arbitration Rules 1998

Amendment of DIS Schedule of Costs as of 1 January 2005

Schedule of Costs as of 1 January 2005

In respect of the fees of arbitrators, the DIS Schedule of Costs has remained largely unchanged since 1992 – taking into account only the introduction of the Euro in 2002. The need for some adaptation of the arbitrators' costs to the general economic development has therefore arisen.

The amended version of the Appendix to Sec. 40 sub. 5 of the DIS Arbitration Rules (Schedule of Costs) will be effective as of 1 January 2005. With the amendment, the fees of arbitrators in cases where the amount in dispute exceeds 50.000 EUR have been increased somewhat. In addition, arbitrators' fees may be increased by up to 50 % in factually or legally highly complex cases. Furthermore, when a counterclaim is filed, the fees of the arbitrators may be calculated separately on the basis of claim and counterclaim. The Appointing Committee of the DIS will decide on such increases upon application of the arbitrators and after having given the parties an opportunity to comment on such application.

The DIS has also issued guidelines for the reimbursement of arbitrators' expenses pursuant to Sec. 40 sub. 1 of the DIS Arbitration Rules.

The amended Schedule of Costs will apply to all cases newly filed on or after 1 January 2005.