Administrative Resolution No. 04/19

REF.: AMENDMENT TO THE ARBITRATION TABLE OF EXPENSES (2019) ACCORDING TO THE ARBITRATION RULES (2019)

The President of CAMARB – Business Mediation and Arbitration Chamber – Brazil, vested on his duties set forth in the Bylaws, and whereas:

  1. the approval of the Arbitration Table of Expenses (2019) by Administrative Resolution No. 02/19, published on June 18, 2019;
  2. the publication of the Arbitration Rules (2019), in force since August 12, 2019;

Resolves:

iii. to amend item “IV” of Administrative Resolution No. 02/19[1], to read as follows:

“After the expiry of the time limit for the respondent to express his opinion on the request for institution of arbitration and prior to the hearing for execution of the Terms of Reference, the parties shall be summoned by the Secretariat to pay the Administration Fee and the arbitrator’s fees, at the rate of fifty percent (50%) for each party to the proceeding, as well as they shall be summoned to pay in advance, for the expenses of the proceeding, the minimum amount of twelve thousand Brazilian Reais (R$12,000.00). Each party of the proceeding is responsible for depositing one-half of such value, except as otherwise agreed to by the parties.”

  1. to amend Administrative Resolution No. 02/19, in note No. 6 [2], of the Arbitration Table of Expenses (2019), on the segregation of expenses, to read as follows:

“Pursuant to art. 11.5 of the Arbitration Rules (2019), a party may, at its sole discretion, request the segregation of the estimated value of the dispute, so that each party shall bear Administration Fee and arbitrators’ fees calculated exclusively on the basis of its claims.”

  1. upon the publication of this Resolution, item “IV” and note 6 of Administrative Resolution No. 02/19, the matters of which are dealt with in the Arbitration Rules (2019), are expressly revoked.
  2. the Chamber’s Communication department and Secretariat shall arrange for the publication of this Administrative Resolution on the institution’s website.

Belo Horizonte, August 12, 2019.

Augusto Tolentino Pacheco de Medeiros

President of CAMARB

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[1]IV. Once the Arbitral Tribunal is formed, or the Sole Arbitrator is chosen, the parties shall deposit the amount of the proceeding Administration Fee and of the arbitrators’ fees, as well as they shall pay in advance, for the proceeding expenses, the minimum amount of R$12,000.00 (twelve thousand Brazilian Reais), each party to the proceeding being responsible to deposit one-half of such amount, unless otherwise agreed to by the parties.

[2] 6. 1. According to the Arbitration Rules, a party may, at its sole discretion, request the segregation of the estimated value of the dispute, so that each party shall bear an Administration Fee and arbitrators’ fees calculated exclusively on the basis of its claims. In the event of absence of full payment of the respective costs by either party, the respective claims shall be excluded from the arbitral proceedings, without prejudice to being deducted upon a future request for arbitration.