Security for Costs in International Commercial Arbitration

Security for costs is one of those areas where both common law and civil law arbitration practice have much to learn from each other. In this article, I seek to present the existing legal rules surrounding security for costs in the international arbitration arena. However, it is not possible in an article of this kind to review the full array of differing solutions and limitations which are found in various jurisdictions. Nevertheless, certain issues that arise and may be relevant in this connection are mentioned, with both national arbitration laws and institutional rules selected to carry out a representative survey