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Security for costs in arbitration in England and Wales
Practical Law UK Practice Note 4-318-7955 (Approx. 14 pages)
Security for costs in arbitration in England and Wales
by Practical Law Arbitration based on an original by Norton Rose Fulbright
An order for security for costs is an effective method by which a respondent can ensure that it is able to recover its costs of successfully defending claims brought by claimants that are impecunious or whose assets may not be easily accessible.
This Practice note addresses the relevant legislative and professional guideline provisions that set out how to apply for an order for security for costs in arbitrations seated in England and Wales.
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