NEWSLETTER 2013
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giving rise to the claims and the basis upon which the claims
are made;
(iv) A statement of the relief sought, together with the amounts of
any quantified claims and, to the extent possible, an estimate of
the monetary value of other claims;
(v) Any relevant agreements, and in particular, the arbitration
agreement;
(vi) In case claims are made under more than one arbitration
agreement, a specification of the arbitration agreement under
which each claim is made;
(vii) All necessary information and opinion or proposals regarding
the number of arbitrators and their election in compliance with
the provisions of Articles 12 and 13 and any nomination of an
arbitrator required thereby; and
(viii) The place of arbitration, the applicable law and the language of
arbitration.
Payment of the Costs
In accordance with Art. 4(4) of the Rules, the claimant shall pay the
filing fee in force on the date the request is submitted. The relevant costs and
the ICC’s cost system are regulated under Articles 36 and 37 of the Rules,
as well as by Appendix III. Pursuant to Art. 37 of the Rules, the costs of
arbitration shall include the fees and the expenses of the arbitrators, ICC’s
administrative expenses, the expenses incurred for the experts referred to
when required, witnesses, discoveries, legal opinion etc. and the reasonable
legal or other expenses incurred by the parties for the arbitration.
Exchange of Pleadings
In accordance with Art. 4(5), the request for arbitration shall be
transmitted to the respondent for his answer, as soon as a sufficient
number of copies has been procured pursuant to Art. 3(1) of the Rules,
and the required advance cost has been paid to the secretariat.
The issues regarding the respondent’s answer are regulated under Art.
5 of the Rules. Pursuant to said article, the respondent shall submit his
answer within 30 days following the receipt of the request. The secretariat