Arbitration Court of the Estonian Chamber of commerce and Industry

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Revision as of 08:59, 25 May 2010

Contents

General Information

  • Official name: Arbitration Court of the Estonian Chamber of commerce and Industry
  • Country: Estonia
  • City: Est
  • Type of organization: Chamber of Commerce and Industry - Arbitration court
  • Date of creation: 1925
  • Interests: Arbitration
  • Fields of expertise: Commercial Disputes

Description

The Estonian Chamber of Commerce and Industry (ECCI) was established in 1925. In 1927, the ECCI was accepted as a member of the International Chamber of Commerce. The ECCI operated as a successful organization until 1940, when the Chamber and all other private organizations were forced to close down by the Soviet occupation.

In 1989, the Estonian Chamber of Commerce and Industry was re-established with some hundred members a private, voluntary membership Chamber. Today, the ECCI is the largest business representation organization in the country. As of November 1st 2008, the ECCI has 3655 members.

More importantly, according to a study carried out by Krediidiinfo (Credit Info Estonia), the net turnover of the ECCI members makes more than 49% of the net turnover of all Estonian companies, the owner's equity of the ECCI members makes total about 52% of the capital of all Estonian companies and net profits equal 50% of that of all Estonian companies. The ECCI's members account for over 85 percent of Estonia's total exports. These enterprises are predominantly in the textile, metal, timber, construction and food industries.

The majority of the ECCI's membership represents small and medium size businesses – 95% are SME-s.

Missions of the Chamber of Commerce and Industry

The mission of the Chamber is to develop entrepreneurship in Estonia. The ECCI is an active partner to the parliament, government and ministries in designing the economic policy and climate. Whenever tax policies, corporate law, laws on property and obligations, foreign trade and EU-related issues or professional qualification are discussed, the Chamber speaks actively on behalf of the Estonian business community.

The ECCI provides several business-related services – consultation (legal, foreign trade, EU-related), business match-making (trade missions, trade fair visits, presentations), information services (business contacts, co-operation proposals etc.), training and foreign trade documents.

The ECCI also hosts the Arbitration Court, which is the only permanent arbitration court in Estonia.

The ECCI has offices in Tallinn, Tartu, Pärnu, Jõhvi and Kuressaare. It employs 39 people.

Guidelines For The Assessment Of Arbitration Fees And Arbitrator Fees In The Arbitration Court Of The Estonian Chamber Of Commerce And Industry

1. The registration fee will be paid in Estonian kroons into the bank account of the Estonian Chamber of Commerce and Industry. The registration fee is EEK 1,200.00.

2. The amount of the arbitration fee shall be determined by the Arbitration Court Board according a table and in light of the complexity of the case and the number of arbitrators involved in the settlement of the dispute.

3. The arbitration fee shall be deposited into the bank account of the Estonian Chamber of Commerce and Industry according to the procedure prescribed by the Article 12 of the Rules of the Arbitration Court in Estonian kroons or in any other currency determined by the Board of the Arbitration Court of the ECCI.

4. If the claim cannot be expressed in monetary value the Board of the Arbitration Court shall determine the amount of the arbitration fee proceeding from the nature of the dispute.

5. 10% of the remitted arbitration fees shall be transferred into the account of Estonian Chamber of Commerce and Industry.

6. The amount of an arbitrator fee is 75% (30% in case of 1 arbitrator) of the arbitration fee actually remitted according to § 12 of the rules and the present guidelines. Taxes prescribed by the law shall be deducted from the said amount when arbitrator fees are remitted. The arbitrator fee amounts are divided amongst arbitrators upon their agreement regarding which the Arbitration Court will submit an appropriate decree to the Arbitration Court Board.

7. The remainder of an arbitration fee will cover the other costs of the Arbitration Court, including reimbursement for the members of the Arbitration Court Board.

8. If an arbitrator reviewing a dispute does not live in Estonia, the Arbitration Court is entitled to collect from the party who designated the arbitrator a deposit to provide for the possible travel expenses of the arbitrator.

9. If a claim is awarded, the claimant shall be fully compensated for the expenses of arbitration fees or of the payment of the deposit specified in Article 7 at the expense of the respondent; if a claim is awarded partially, such compensation will be provided in proportion to the amount to be collected from the respondent according to the award.

10. If a claim not convertible into monetary value is partially awarded, the claimant shall receive compensation for the expenses related to the payment of arbitration fees, at the expense of the respondent and in an amount determined by the Arbitration Court.

11. If the proceedings of the Arbitration Court are discharged upon the approval by the Arbitration Court of a mutual out-of-court settlement between the parties or if the proceedings of the Arbitration Court are suspended, the arbitration fee and registration fee remitted shall not be reimbursed to the parties.

12. If a claim is relinquished before it is passed on to an arbitrator or arbitrators or if the dispute falls outside the jurisdiction of the Arbitration Court, the parties will be reimbursed 90% of the arbitration fee remitted, and no reimbursement will be offered for the registration fee. If a claim is relinquished after it is passed on to an arbitrator or arbitrators, no reimbursement will be offered for the arbitration or registration fees.

13. Fees shall be paid to the arbitrators within 30 days of the transfer of the material pertaining to the case to the Estonian Chamber of Commerce and Industry for safekeeping.

Contact

Toom-Kooli 17 Tallinn, 10130 EST - Estonia

Tel: 372 604 0060

Email: Siim@koda.ee

Official Website

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