Responsibilities Concerning the Collection and Payment of Remuneration Sample Clauses

Responsibilities Concerning the Collection and Payment of Remuneration. The OEDR or UEDR where the dispute is taking place is responsible for collecting the remuneration within 15 days of the appointment of the arbiters, arbitration committee, or specialists. Then, the OEDR or UEDR shall issue a receipt (Annex 2) to the litigants and when the arbitration is complete and an arbitral award has been issued, the OEDR or UEDF shall pay this remuneration to the arbiters, arbitration committee, or specialists using a check / banker’s draft (Annex 3). The litigants shall be responsible for the payment of this remuneration as agreed with the arbiters or arbitration committee and pay this fee to the OEDR or UEDR where the arbiter or arbitration committee where the dispute is taking place prior 15 days in advance of its commencement or at any time after the appointment of the arbiters in order to ensure that the fee is paid. 57 Law on Economic Dispute Resolution (amended in 2010), Paragraph 2, Article 56 Table Concerning the Remuneration of Arbiters and Arbitrations No. Payment Fees paid in economic dispute resolution Processing fees Service fees Remuneration Arbitration Arbitral award Arbitration Arbitral award Arbitration Arbitral award 1 Payer Claimant Claimant Claimant Claimant As agreed between them or half each Each litigant agrees to pay for thearbiterselected by them 2 Time Prior to proceedings Prior to proceedings When submitting the claim When submitting the claim 15 days prior to proceedings or after the appointment of thearbiters 15 days prior to proceedings or after the appointment of thearbiters
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Related to Responsibilities Concerning the Collection and Payment of Remuneration

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