REGISTRATION FEES*
Appointment – AED 5,000
Challenge – AED 3,000
Following the submission of the Application for Appointment of Arbitrator (the Application) or the Challenge against Arbitrator (the Challenge), should the Centre determine the Application or the Challenge to ultimately be not eligible for registration under the DIAC Arbitration Rules and/or the applicable Centre’s policies, the Registration Fee will not be refunded.
*Article (4.3) of Appendix II to the DIAC Arbitration Rules
Together with the application, the party shall make payment of the registration fee specified in the Table in force on the date the application is submitted.
PAYMENT OF FEES **
Payment of fees and costs could be made by credit card at DIAC’s premises or by bank transfer at the following details:
Account Title: Dubai International Arbitration Centre
Bank name: Emirates NBD
Swift code: EBILAEAD
Account Number: 101 5826070 506
IBAN: AE890260001015826070506
Currency: AED
Note: (Your Name) – A / mem / fees
The note is important to clear the transfer of payment for DIAC.
It is important to include the name of the payer and, if applicable, the case reference to the payment for its prompt and accurate crediting. A copy of the proof of payment should be provided, so that the respective transfer is located in the Centre’s accounts.
All payments must be free of any charges that may occur at the sending and/or receiving bank. The Centre shall bear no responsibility with regards to any currency conversions that might be applied by the sending and/or the receiving bank or to any currency fluctuations, which might overall affect the payment of fees and costs.
** Article (3.1) of Appendix I to the DIAC Arbitration Rules
All payments towards the advance on costs of the arbitration shall be made to the Centre by means acceptable to it.