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Fast and rapidArbitration proceeding has only one instance and cannot be appealed
Procedural RulesThe parties to the dispute shall choose the procedural rules
Arbitral awardArbitration award is enforceable not only in Mongolia, but in over 170 countries of the world

Cost calculation

10 дугаар сарын 15th, 2019

When submitting a claim to arbitration, the cost of arbitration shall be calculated from the amount of the claim in accordance with the method specified below.

BANK INFORMATION

499 008 716 /MNT/
499 038 457 /USD/

511 200 31 24 /MNT/
511 200 31 35 /USD/

 

Arbitration cost of Mongolian International Arbitration Center /USD/

 

Registration fee: 1'000$

 

№

Amount in dispute

Arbitration cost

Fee of arbitrator*

Administrative fee

Fee of chairperson/sole arbitrator

Fee of co-arbitrators /2 arbitrators/

  

1.

to 25,000

500

 600 350
2.

25,000-50,000

 500 + 1% of the amount above 25,000 600 + 1.2% of the amount above 25,000

350 + 2.52% of the amount above 25,000
3. 50,001-100,000 750 + 0.8% of the amount above 50,000

900 + 0.96% of the amount above 50,000

980 + 1.36% of the amount above 50,000
4. 100,001- 500,000

1,150 + 0.6% of the amount above 100,000

1,151.2 + 0.72 % of the amount above 100,000

 1,660 + 1.102 % of the amount above 100,000
5.

500,001- 1,000,000

3,550 + 0.5% of the amount above 500,000

4,260 + 0.6 % of the amount above 500,000

6,068 + 0.495% of the amount above 500,000
6.

1,000,001- 2,000,000

6,050 + 0.4% of the amount above 1,000,000

7,260 + 0.48% of the amount above 1,000,000

8,543 + 0.312% of the amount above 1,000,000
7.

2,000,001- 5,000,000

10,050 + 0.3% of the amount above 2,000,000

12,060 + 0.36% of the amount above 2,000,000

11,663 + 0.219% of the amount above 2,000,000
8. 5,000,001-10,000 000

19,050 + 0.2% of the amount above 5,000,000

22,860 + 0.24% of the amount above 5,000,000

18,223 + 0.0875% of the amount above 5,000,000
9.

10,000,001- 50,000,000

29,050 + 0.1% of the amount above 10,000,000

34,860 + 0.12% of the amount above 10,000,000

22,598 + 0.08% of the amount above 10,000,000
10.

Above 50,000,001

69,050 + 0.05% of the amount above 50,000,000

82,860 + 0.06% of the amount above 50,000,000

4 000 + 0.07% of the amount above 50,000,000

 

*Fee of Arbitral Tribunal consist of fee of chairperson and fee of co-arbitrators.

Example:

Amount in dispute: 1'500'000 USD
Registration fee: 1'000 USD
Fee of chairperson: 6'050+(500'000x0.04)=26'050 USD
Co-arbitrators: 7'260+(500'000x0.048)=31'260 USD
Administrative fee: 8'543+(500'000x0.0312)=24'143 USD
Total amount of arbitration cost:  1'000 USD + 26'050 USD + 31'260USD + 24'143USD = 82'453 USD