This fee schedule is for Arbitrations carried out under the EOS Core Arbitration Forum’s (ECAF) Rules for Dispute Resolution (RDR) - more details here.
This fee schedule is revised from time to time. ECAF’s fees will be invoiced in EOS. Where conversion from fiat currencies to EOS is required, the process for doing so is detailed in the section Currency Conversion at the end of this memo.
A two stage fee system comprised of the following elements:
N.B. Fees are separate to any bond that parties may be required to post by the Arbitrator as surety against potential judgments.
When submitting a request for Arbitration, the Claimant shall pay a non-refundable filing fee that is dependent on the amount of the claim as follows:
| Size of claim in EOS | Filing fee in EOS |
|---|---|
| 1 - 250 | 6 |
| 251 - 500 | 10 |
| 501 - 1,000 | 20 |
| 1,001 - 2,500 | 40 |
| 2,501 - 5,000 | 60 |
| 5,001 - 10,000 | 100 |
| 10,001 - 25,000 | 210 |
| 25,001 - 50,000 | 360 |
| 50,001 - 100,000 | 600 |
| 100,001 - 250,000 | 1130 |
| 250,001 - 500,000 | 1580 |
| 500,001 - 1,000,000 | 2210 |
| 1,000,001 - 2,500,000 | 3860 |
| 2,500,001 - 5,000,000 | 5400 |
| 5,000,001 - 10,000,000 | 7560 |
| Above 10,000,000 | 7560 |
| Claims with no monetary damages/ amount is not qualified | 150 |
As per the RDR Section 5.9: as soon as practicable after the commencement of the arbitration, the Arbitrator shall deliver an estimate of the costs of the arbitration.
The costs of arbitration shall be fixed in the ruling(s) and are to be paid to the account of the Forum.
Such costs may include:
The cost of Arbitration shall be calculated by reference of the work done by the Forum’s members. Rates will depend on the circumstances of the case including its complexity and any special qualifications the Arbitrators may have.
Fees shall be charged at an hourly rate as follows (figures are quoted in USD but invoiced in EOS, see section below on currency conversion). The rate to be applied will depend on the experience level and expertise of the person in question:
| Position | Min | Indicative value in EOS (on 7 Aug 18) | Max | Indicative value in EOS (on 7 Aug 18) |
|---|---|---|---|---|
| Case Manager/Forum Staff | $75 | 11.35 | $170 | 25.72 |
| Arbitrator | $150 | 22.7 | $300 | 45.39 |
The Arbitrator may direct the parties to submit two types of deposit in such proportions and at such times as it thinks appropriate:
In the event that a party fails or refuses to make any payment on account of the Arbitration Costs as directed by the Arbitrator, the Arbitrator may direct the other party or parties to effect a substitute payment to allow the arbitration to proceed (subject to any order or award on Arbitration Costs). In such circumstances, the party submitting the substitute payment may request the Arbitrator to make an order or award in order to recover that amount as a debt immediately due and payable to that party by the defaulting party.
A party requesting Emergency Relief shall, in addition to the non-refundable filing fee, pay a deposit of the EOS equivalent of USD 750 (see the note below on Currency Conversion) as an advance for the costs of the emergency relief proceedings. If the Filing Fee and the deposit are not paid, ECAF shall not proceed with the emergency relief proceedings.
With ECAF and the Arbitrators approval, part of the deposits may from time to time be released to cover any part of the Arbitration Costs as the arbitration progresses.
If no, or insufficient, funds are held at the time the interim payment is required, the invoices may be submitted for payment direct by the parties.
ECAF will only request you to transfer funds to one of these two accounts:
ecafeewallet
ecafescrowww
WARNING: Do not transfer funds to any other account! Requests for payments to any other EOS account or exchange accounts are fraudulent requests! ECAF will not accept liability for funds transferred to different accounts.
Claimants will submit a filing via ECAF’s file a claim page: https://eoscorearbitration.io/file-a-claim/
ECAF’s Case Managers will then review the filing. Once the Case Manager is satisfied that no additional information is required they will contact the claimant to submit the Filing Fee with an appropriate memo to:
ecafeewallet
Once the Filing Fee is successfully received, the case will be marked as accepted by the forum and await assignment to an Arbitrator
ecafescrowww
Amounts shall be invoiced in EOS.
Where any amounts due are not quoted in EOS, then conversion shall be made at the rate of exchange prevailing on the day before the date on which the invoice, request for deposit and/or ruling is given.
The rate to be utilised to convert from EOS to USD is the closing rate for the given date as quoted by CoinMarketCap.
If the amount is expressed in a fiat currency other than USD, then that amount shall first be converted into USD using the average Ask rate for the given date as quoted by OandA. It will then be converted into EOS as above.