Security For Costs in Arbitration

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:

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.

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