Security for Costs in International Arbitration (Lloyd's Arbitration Law Library)

This is the first and leading comprehensive guide to security for costs in international arbitration, including commercial and investment arbitration, providing a text which will be the key resource for those considering, making and ruling on applications for security for costs.It is the first and only work to consider the 40+ factors informing the discretion to award security for costs. The author begins with an introduction and description of the security of costs controversy in international arbitration, and then explains the developing approach of arbitral tribunals to applications for security for costs, with reference to decisions published by ICC and ASA, and statistics of LCIA and decisions of the UK courts when they had the power to grant security for costs in international arbitration.The book features an analysis of the reasons given for restricting security for costs in international commercial arbitration to ‘exceptional circumstances’ or similar.The author conveys discret