Notwithstanding the costs for the legal representatives, the general cost breakdowns for the arbitration proceedings and awards are as follows:
Deposits | Lodged with Arb Regime ie PAM/Arbitrator @RM5,000/party |
Non Refundable Commitment Deposits (NCD) | RM15,000.00. Before Prelim Hearing. |
Arbitrator’s Fee | Meetings / Hearings (daily rate) @RM2,500/half day Meetings set aside @RM5,000 Readings / Writings (hourly rate) @RM900/hour |
VAT (Value Added Transaction) | Venue Refreshment Air Fare (Business) Transportation @RM0.55/km Toll Outstation/Oversea @USD250/day Reprography Charges @2% Arb Fee Travelling Out of Pocket Expenditure Administrative Cost by Arb Regime @7.5% Arb Fee. Arbitrator’s Administrative Cost @3% Arb Fee |
SST | 6% |