These Rules provide for non-refundable fees, expressed in Special Drawing Rights, of SDR 100 each for an application for approval under Article 4 of the Additional Facility Rules and for notice of commencement of proceedings. Fees of conciliators, arbitrators and members of fact-finding committees are, unless otherwise agreed between them and the parties, determined on a time basis at the rate of SDR 350 per day of meetings or other work performed in connection with the proceedings. These fees are subject to adjustment by the Secretary-General in the light of changes in price levels. Advance payments in respect of estimated fees and administrative charges are required on a quarterly basis. Rules shows the origin of their provisions.
Rules shows the origin of their provisions.
However, the Chairman is not restricted in his choice to a Panel of Arbitrators. In order to assure the widest possible international recognition and enforcement of awards arbitration proceedings may be held only in States that are parties to the 1958 UN Convention. Rules Fact-finding, as contemplated by the Additional Facility Rules is a process for preventing, rather than settling legal disputes. It is thus basically different from conciliation as well as arbitration. They could provide the parties with an impartial assessment of facts which, if accepted by them, would prevent differences of view arising on specific factual issues in the course of a long-term relationship from escalating to legal disputes.