Georgian International Arbitration Centre is

First non-profit arbitration institution in Georgia, which is created based on the best international arbitration practice. GIAC represents most efficient dispute resolution institution in the entire Caucasus – Black Sea – Caspian Region. The GIAC Arbitration Rules reflect the needs of the parties combining recent developments in the field.


Costs

The arbitration costs related to the arbitral proceedings administered by the GIAC shall be determined in accordance with the GIAC Arbitration Rules Schedule of Fees (see below). 

For Standard Procedures, the party shall pay the non-refundable application fee – USD 500 for disputes the value of which does not exceed USD 20 000,  or USD 1000 for disputes the value of which exceeds USD 20 000; or for the Fast Track Arbitration Procedures (disputes under USD 100 000), the party shall pay the non-refundable application fee – USD 150, along with the submission of the Request for Arbitration. This fee is credited towards the administrative fees of the arbitration proceedings.

Please use the following Banking Instructions while transferring the amount and as a reference indicate “[name of the Claimant] v. [name of the Respondent] registration fee”:

For GEL  transfers:

Beneficiary:
Georgian International Arbitration Centre
Beneficiary Bank: JSC TBC Bank
Bank Code: TBCBG22
Beneficiary Account No. GE68 TB73 9393 6020 1000 01

 

For USD transfers:

Beneficiary:
Georgian International Arbitration Centre
Beneficiary Bank: JSC TBC Bank
Bank Code: TBCBG22
Beneficiary Account No. GE85 TB73 9393 6120 1000 02

Intermediary:
CITIBANK N.A.
111 Wall Str. New York, NY 10043
ABA: 012000089
TBC Bank’s Correspondent Account #36127097

 

In order to calculate the estimate of the arbitration costs, please use the calculator on the right.

 

Administrative Fee

 

Amount in Dispute (In US Dollars) Administrative Fee (In US Dollars (excluded VAT))
Up to 20 000 500
From 20 001 to 50 000 1000 + 5% of the amount above 20 000
From 50 001 to 100 000 2 500 + 2% of the amount above 50 000
From 100 001 to 200 000 3 500 + 1.5% of the amount above 100 000
From 200 001 to 500 000 5 000 + 0.9% of the amount above 200 000
From 500 001 to 1 000 000 7 700 + 0.7% of the amount above 500 000
From 1 000 001 to 2 000 000 11 200 + 0.5% of the amount above 1 000 000
From 2 000 001 to 5 000 000 16 200 + 0.15% of the amount above 2 000 000
From 5 000 001 to 10 000 000 20 700 + 0.1% of the amount above 5 000 000
Over 10 000 000 25 700 + 0.015% of the amount above 10 000 000 Max. 35 000

 

 

Arbitrators’ Fees

 

Amount in Dispute(In US Dollars) Sole arbitrator/Chairperson Fee (In US Dollars (excluded VAT))
  Minimum Maximum
Up to 20 000 500 1500
From 20 001 to 50 000 1 000 3 000
From 50 001 to 100 000 1 500 5 000
From 100 001 to 200 000 2 000 7 000
From 200 001 to 500 000 5 000 10 000
From 500 001 to 1 000 000 8 000 18 000
From 1 000 001 to 2 000 000 11 000 25 000
From 2 000 001 to 5 000 000 18 000 35 000
From 5 000 001 to 10 000 000 25 000 45 000
Over 10 000 000 35 000 To be determined by the Secretariat

 

 

 

Schedule of Administrative and Arbitrators’ Fees for Fast Track Arbitration Procedures

 

Administrative Fee

Amount in Dispute

(In US Dollars)

Administrative Fee

(In US Dollars (excluded VAT))

Up to 20 000

200

From 20 001 to 50 000

200 + 2% of the amount above 20 000

From 50 001 to 100 000

800 + 1% of the amount above 50 000

 

 

Arbitrators’ Fees

Amount in Dispute

(In US Dollars)

Sole arbitrator/Chairperson Fee

(In US Dollars (excluded VAT))

 

Minimum

Maximum

Up to 20 000

300

1000

From 20 001 to 50 000

500

1 500

From 50 001 to 100 000

750

2 500