Arbitration Awards | Taiwan | Cross-Border Enforcement Center

Is this jurisdiction a party to the New York Convention?

No.

What is the approximate time required to register and enforce a foreign arbitration award if unopposed?

6 months for recognition proceedings and 2 weeks to 2 months for commencing the enforcement proceedings and attaching the assets.

What is the approximate time required to register and enforce a foreign arbitration award if opposed?

3 to 5 years for recognition proceedings and 2 weeks to 2 months for commencing the enforcement proceedings and attaching assets.

What is the approximate cost of registering and enforcing a foreign arbitration award (including court fees and other disbursements) if unopposed?

USD10,000 - 50,000 for legal fees. Court fees for recognition and execution will be charged by the court separately. The highest recognition fee is merely NT5000 (approximately USD167) and the execution fee is 0.8% of the claim amount.

What is the approximate cost of registering and enforcing a foreign arbitration award (including court fees and other disbursements) if opposed?

USD50,000 - 100,000 for legal fees. Court fees for recognition and execution will be charged by the court separately. The highest recognition fee is NT5000 (approximately USD 167) and additional NT1000 (approximately USD 33) for each appellate instance. The execution fee is 0.8%.

Are there any unusual difficulties in enforcing a foreign arbitration award?

The recognition fee for a foreign arbitration award is not as high as that for a foreign judgment. The highest recognition fee is NT5000 (approximately USD167). Nonetheless, the execution fee is calculated according to the same "0.8% rule" as that for a foreign judgment. As a result, it might also be a considerable amount in case of huge claims.

Cross-Border Enforcement Center

Taiwan

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