Beale & Co provide a brief overview of security for costs applications in arbitration proceedings, covering a range of topics including (i) what is security for costs?; (ii) why seek security for costs?; (iii) the power to order security for costs; (iv) grounds for awarding security for costs; and (v) difficulties in obtaining security for costs. The authors note that a party should carefully consider whether to make an application for security for costs in arbitration as despite the institutional rules providing tribunals with the power to award security for costs, the power is used rarely and in only exceptional circumstances.
See also the following guides to security for costs applications in arbitration proceedings:
