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The Director
of the Centre shall fix the costs of the conciliation in accordance with
the Schedule below. The term "costs" includes administrative fees and the
fee of the conciliator(s)/mediator(s). The costs are to be borne equally
by the parties unless the settlement agreement provides for a different
apportionment.
Please refer to the Conciliation/Mediation
Rules for details. The fee schedule is summarised below.
Fee Schedule
|
(a) |
Registration Fee
|
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US$ 50.00 payable by the party initiating
conciliation.
|
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|
|
(b) |
Deposit
|
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US$500.00 towards administrative
costs payable by each party on a reference to conciliation / mediation. |
| |
|
| (c)
|
Administrative Costs
|
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One-quarter of the amount in dispute
according to the Schedule below, with a minimum of US$500.00. In the event
that the amount in dispute is not stated, the administrative costs shall
be fixed by the Director of the Centre.
|
| |
|
|
Amount in Dispute (US$) |
Minimum |
Maximum |
|
Up to 50,000 |
$500.00 |
7.00% |
|
From 50,001 to 100,000 |
1.00% |
4.00% |
|
From 100,001 to 500,000 |
0.50% |
2.00% |
|
From 500,001 to 1,000,000 |
0.40% |
1.00% |
|
From 1,000,001 to 2,000,000 |
0.30% |
0.80% |
|
From 2,000,001 to 5,000,000 |
0.20% |
0.50% |
|
From 5,000,001 to 10,000,000 |
0.10% |
0.30% |
|
From 10,000,001 to 50,000,000 |
0.05% |
0.15% |
|
From 50,000,001 to 100,000,000 |
0.02% |
0.08% |
|
Over 100,000,000 |
0.01% |
0.05% |
| (d) |
Conciliator/Mediator's Fee
|
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In fixing the fee of the conciliator/mediator,
the Director of the Centre may consult with the conciliator/mediator and
the parties. Fees are based on the amount in dispute, the complexity of
the subject matter, the time spent by the conciliator/mediator and any
other relevant circumstances of the case. |
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