Special terms for working with large corporations

A large corporation (LC)  is a legal entity engaged in commercial activities, which enters into not less than 10 commercial agreements each year and whose annual turnover for the previous 2-3 years was not less than   $10 000 000.0.

An LC that has concluded in the current year at least 3 commercial agreements with the arbitration clause of the Court, a total amount of such agreements constituting not less than $5 000 000.0, is entitled to special conditions of interaction with the Court:

  • A competent official or representative of the LC or any other person nominated by the LC is granted the status of an arbitrator of the Court;
  • The LC is given the possibility in accordance with the Regulations of the Court to appoint the arbitrator referred to in p. a), who is not an employee of official representative of the LC and is able to objectively and impartially perform the functions of an arbitrator as a member of arbitral tribunals consisting of 3 arbitrators to consider disputes with the participation of the LC;
  • Compensations paid to the LC:  10% of the administrative fee (regardless of the distribution of the fee payment obligations between the parties to the dispute) received by the Court for settling a dispute involving the LC, which the latter won; 5% of the administrative fee (regardless of the distribution fee payment obligations between the parties to the dispute) received by the Court for settling a dispute involving the LC, which the latter lost.
  •  Bonus payments to the LC at a rate of 1% of the amount of administrative fees received by the Court for settling disputes without participation of the LC, but with the LC partners that have included an arbitration clause of the Court in a corresponding commercial agreement on the initiative of the LC (bonus payment shall be made if the Court becomes officially aware of a partner of the LC having included an arbitration clause in its commercial agreement on the initiative of the LC within 10 days after the conclusion of this agreement and prior to filing a corresponding claim).