15th Edition of the Communiqué on International
Arbitration Fee Tariffs has been published in the Official Gazette
on 08.03.2016. Started to be published in 2001 on an annual basis,
the Communique seems to reflect an identical outlook with the
preceding edition.
The new Communiqué, which determines arbitrators'
fees, is applicable where:
- The parties and sole arbitrator or
arbitral tribunal cannot reach an agreement on the fees, or;
- The arbitration agreement does not
contain any provision regarding determination of the fee, or;
- The parties have not made any
referral to any established international guidelines or
institutional rules.
Article 2 of the Communiqué states that arbitrators are
entitled to be paid for the performance and works regarding the
subject matter conducted between the dates of initiation of the
arbitration until the making of the final award. However,
correction, interpretation or completion of the award does not
warrant an additional
