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ARBITRATION FEE
( New Taiwan Dollars)
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The Association provides services for administration of arbitration and mediation to resolve business disputes with fast, fair, cost-efficient, harmonious and confidential proceedings.

The Association maintains an enriched and extensive list of over six hundred local and international skilled arbitrators, available to the selection of potential parties.The Association may provide the parties with recommendations for suitable arbitrators. To ensure the quality of arbitrators, all arbitrators registered to the Association must be subject to strict criteria review.

Nonetheless, parties may select their own arbitrators if they so agreed. The selected arbitrators must possess legal or other professional knowledge or experience, as required by the Arbitration Law of R.O.C. Arbitrators must act neutrally, independently and impartially when conducting arbitration proceedings.

　

The proceedings of arbitration must not be disclosed to any third party without the consent of both parties. The tribunal, by all means, must give parties sufficient opportunities to present their cases without unjustifiably obstructing their articulation. The tribunal may at any time, during the proceedings, explore settlement between parties when it feels appropriate and practicable. Once such settlement is reached by the parties, it has the same effect as an arbitral award.

　

Under the Arbitration Law of R.O.C., the arbitral tribunal shall render its award within 6 months after the commencement of arbitration. Nevertheless, the time limitation may be extended for an additional three months if the arbitral tribunal deems necessary.

The award is deemed as final and binding upon the parties or their successors and has the same force as a final court judgment.

　
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