Title | Standards for Payment of Arbitration Expenses(Pursuant to Article 42 (1)) |
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[Table 2]
Standards for Payment of Arbitration Expenses
(Pursuant to Article 42 (1))
Details | Payment Standard | ||
Retainer (won) | Contingency Fee | Common Expenses | |
Cases by Amount of Request for Arbitration 1) Less than 5 million won 2)More than 5 million won 3) More than 10 million won 4) More than 30 million won 5) More than 50 million won 6) More than 100 million won
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250,000 400,000 600,000 1,200,000 2,000,000 3,000,000
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1) Where the ratio of success is between 50% and 60%, the multiple of the paid retainer by such ratio
2) Where the ratio of success is between 60% and 80%, the amount multiplying the paid retainer by the ratio, 10% more than such ratio
3) Where the ratio of success is more than 80%, the multiple of the paid retainer by the ratio, 20% more than such ratio
4)Half the amount of retainer, in cases of discontinuance of arbitration or mutual consent
| 1) Stamp: Actual expenses
2) Delivery Fee: Actual expenses
3) Examination/Appraisal :Actual expenses
4) Business trip expenses : Travel expenses according to subparagraph 1 of Attached Table 1 of the Provisions on Travel Expenses of Public Officials
5) Other actual expenses
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¡Ø VAT is not included in the retainer and in the contingency fee. |