MEDIATION FEES Per party in Euros (net of VAT) VALUE OF DISPUTE Up to 100,000 100,001 –500,000 Over 500,000 FEES UP TO 2 HOURS EACH ADDITIONAL HOUR 500 150 1000 250 2% of the value of the dispute [subject to a maximum of 25,000] 1) Mediation fees include administration costs and the fee for one mediator for a mediation of a maximum of two hours. Mediation fees shall be paid by the party at the filing of the mediation request and by the invited party at the time of the submission of the participation form. 2) Should the mediation meeting exceed the two hours, the parties will pay Euros 150 for each additional hour for disputes within bracket I, 250 Euros for each additional hour for disputes falling within bracket II. For disputes over 500,000 a flat fee will be applied. 3) Should the invited party not reply or decline the mediation invitation or the proceedings be abandoned before the acceptance of the assignment by the mediator, the Secretariat will withhold 200 Euros (plus VAT) for the administration of the proceedings. 4) Mediation fees do not cover the costs of translation of documents, interpreting or the mediator’s travel and accommodation costs when attending a mediation. 5) Where a mediation is started during the course of arbitration proceedings in the Chamber of Arbitration of Milan, the Secretariat reserves the right to assess costs on an overall basis. 6) The parties are jointly and severally liable for payment of the costs of mediation. How to pay: Mediation fees shall be paid by bank order to: c/c n. 000061000X20 Banca Popolare di Sondrio, sede di Via Santa Maria Fulcorina 1, Milano IBAN: IT53 W 05696 01600 000061000X20 ‐ SWIFT: POSOIT22
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