The costs of the international mediation of the Madrid International Mediation Center [the “Center”] are made up of, inter alia, administrative expenses of the Center (filing and administrative fees) and the fees and expenses of the mediators.
- Filing fees amount to EUR 1,500 (VAT not included). Filing fee is non-refundable.
- Administrative fees are 6,000 (VAT not included).
In cases with multiple parties, the fee will increase EUR 3,000 per additional party.
The Center can increase the filing fees in especially complex cases. The Center will take into consideration the quantum of the proceedings, the hours dedicated to the mediation or the duration of the mediation.
Fees and expenses of the mediators
- The fees of the mediator include EUR 4,000 for case preparation, EUR 4,000 for one day of mediation, which correspond to eight working hours. For any additional day of mediation, the fees of the mediation increase in EUR 4,000. The Parties and the mediator are free to decide the necessary meetings.
- Mediator fees do not include any expenses incurred by the mediator, which shall be passed on to the parties following proof of payment by the mediator and upon the Center’s approval of all or part of those expenses. The Center will set the mediator’s reasonable amount of costs, for which the quantum of the proceedings may be taken into consideration.
Annex 2 to the Mediation Bylaws
Payments shall be made to the following account of the Madrid International Arbitration Center:
Beneficiary: Asociación para el Arbitraje Internacional de Madrid
Bank of the Beneficiary: CaixaBank
Account number: 2100 5731 73 0200314858
IBAN (electronic format): ES6121005731730200314858
IBAN (hard copy format): IBAN ES61 2100 5731 7302 0031 4858
Swift Code (BIC): CAIXESBBXXX