ICSID Tribunal Rules Not Necessary Or Urgent To Grant Security For Costs From Third Party Funded Claimant

ICSID tribunal rules that it is neither necessary nor urgent to grant security for costs from a claimant with the benefit of third-party funding

Herbert Smith Freehills reviews an ICSID tribunal’s rejection of a State’s application for security for costs in circumstances in which the other party had third-party funding in the form of ATE insurance which specifically provided for cover of the State’s costs.

READ MORE

About Phillip Rompotis

Phillip practices as a barrister and arbitrator in Hong Kong. He has over 25 years’ litigation and arbitration experience in commercial disputes relating to construction & engineering, financial services, joint venture & shareholders agreements, technology, trusts, property and landlord & tenant. He is a Fellow of the Chartered Institute of Arbitrators, the Singapore Institute of Arbitrators, the Malaysian Institute of Arbitrators, and a member of various lists/panels of arbitrators.

View

Leave a Reply

Your email address will not be published. Required fields are marked *