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Rules of fees

Translation

of the GMAA Rules

on the Remuneration

of the Arbitral Tribunal

[In case of doubt, the German version prevails.]

§ 1 Remuneration of Arbitrators and reimbursement of costs

  1. Each arbitrator shall receive a fee for his services in accordance with § 3 hereof.
  2. When an order to take evidence is issued in the course of the arbitral proceedings, each arbitrator shall receive an additional non-recurring fee amounting to 50% of the fee under § 3 hereof.
  3. Necessary expenses and the value added tax incurred shall be reimbursed to the arbitrators together with the payment of the fees according to subparas 1 and 2 above.
  4. An arbitrator who was only appointed but has not become active is not entitled to a fee. Should the arbitral proceedings be terminated prior to the first hearing, the arbitral tribunal is entitled to reduce the fees according to its reasonable discretion.

§ 2  Value of the Matter in Dispute

  1. The arbitral tribunal shall assess the value of the matter in dispute in accordance with the principles laid down in the Gerichtskostengesetz (Court Fees Act).
  2. The minimum value of the matter in dispute amounts to EUR 10,000.00.
  3. The maximum value of the matter in dispute amounts to EUR 50,000,000.00.

§ 3   Fees (VAT excluded)

1. Table of value in dispute

Value in dispute up to 1 Fee Unit
EUR     10,000.00 EUR       1,500.00
EUR     13,000.00 EUR       1,600.00
EUR     16,000.00 EUR       1,700.00
EUR     19,000.00 EUR       1,800.00
EUR     22,000.00 EUR       1,900.00
EUR     25,000.00 EUR       2,000.00
EUR     30,000.00 EUR       2,200.00
EUR     35,000.00 EUR       2,400.00
EUR     40,000.00 EUR       2,600.00
EUR     45,000.00 EUR       2,800.00
EUR     50,000.00 EUR       3,000.00
EUR     65,000.00 EUR       3,200.00
EUR     80,000.00 EUR       3,400.00
EUR     95,000.00 EUR       3,700.00
EUR   110,000.00 EUR       4,000.00
EUR   125,000.00 EUR       4,300.00
EUR   140,000.00 EUR       4,600.00
EUR   155,000.00 EUR       4,900.00
EUR   170,000.00 EUR       5,200.00
EUR   185,000.00 EUR       5,600.00
EUR   200,000.00 EUR       6,500.00
EUR   230,000.00 EUR       6,800.00
EUR   260,000.00 EUR       7,500.00
EUR   290,000.00 EUR       8,200.00
EUR   320,000.00 EUR       9,000.00
EUR   350,000.00 EUR       9,500.00
EUR   380,000.00 EUR       10,000.00
EUR   410,000.00 EUR       10,600.00
EUR   440,000.00 EUR       11,300.00
EUR   470,000.00 EUR       12,000.00
EUR   500,000.00 EUR       12,500.00

 

2.  In cases where the value in dispute exceeds EUR 500,000. the arbitrator fees shall be increased by EUR 300 for each commenced EUR 50,000 beyond EUR 500,000 and up to an amount in dispute of EUR 5,000,000 and thereafter by EUR 200 for each additional commenced EUR 50,000.

3.  The amounts in dispute shall be rounded up.

4. If more than two parties participate in the proceedings, the arbitrators' fees increase by 20% for each additional party, as far as the object of the tribunal's activity ("Gegenstand der schiedsrichterlichen Tätigkeit") is the same, however, not beyond 50%.

5. The fee pursuant to no. 1 - 4 are increased by 30% for a third arbitrator acting as chair in a tribunal of three and for a sole arbitrator.

[Version as from 13 January 2017]

The GMAA Remuneration Rules applicable until 12 Jan 2017 can be seen here.