HZAC Schedule of Arbitration Fees

(1) Where a party submits an arbitral claim or counterclaim, it shall prepay the arbitration fees, including the acceptance fees and handling fees, in accordance with the standards set out in the HZAC Schedule of Arbitration Fees.

(2) The amount in dispute referred to in the Schedule shall be based on the amount claimed by the party. If the amount claimed differs from the actual amount in dispute, the actual amount in dispute shall prevail. Where all or part of the party’s claim does not specify a monetary amount, HZAC or the arbitral tribunal shall determine the amount in dispute and the arbitration fees based on the materials submitted by the parties.