Topic: Security for costs

In a first, the Supreme Court of Mauritius has relied on the New York Convention to order an award debtor to post security in the full amount of the award pending set-aside proceedings. 

07 April 2025

An ICSID tribunal has declined to order a UK company to post security for costs in a €656.5 million claim over Slovenia’s blanket ban on fracking for natural gas.

23 February 2024

The Commercial Court in London has refused to order the Czech Republic to pay security for the award or security for costs while it challenges a US$650 million investment treaty award over a blood plasma business – calling the investors’ costs estimate “absurdly high”.

24 July 2023

Mozambique has seen the end of four arbitrations lodged by an Abu Dhabi-based shipbuilder that the state accused of paying bribes to procure sovereign guarantees for lenders – allegations at the centre of a US$2 billion lawsuit pending in the UK courts.

12 July 2023

An LCIA tribunal has dismissed a US$480 million arbitration against the Bank of Ghana over a cancelled payments systems project after the claimant failed to post security for costs – a dispute that saw the bank raise allegations of fraud and corruption.

25 August 2021

A Ukrainian scrap metal investor has seen his ICSID claim against Latvia dismissed over his failure to post security for costs – after failing to disqualify the entire tribunal for allegedly making “sarcastic and derogatory” comments towards him. 

31 March 2021

A Ukrainian scrap metal investor seeks to disqualify an ICSID tribunal hearing his €75 million claim against Latvia after it found prima facie evidence of his “unusual business practices”, the Baltic state has revealed.

09 September 2020