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 discretionary factors taken into account by the courts and arbitral tribunals in considering applications for security for costs, special considerations for investor-state arbitrations, the correct approach to the exercise of the discretion, the manner of making and resisting applications, appropriate orders to be made on applications, and consequences of orders.
This book is written for all arbitration practitioners around the world, including arbitrators ruling on applications. The work would be incidentally useful to litigation practitioners as it necessarily considers applications for security for costs in litigation.
Rezensionen / Stimmen
"As an arbitrator, I have long worried about security for costs applications. In today's financial climate, a tribunal might inadvertently stifle a legitimate claim by ordering security. But if the tribunal refuses security, will that be unfair to an applicant? Tribunals often suspect that security applications are deployed tactically. One also regularly hears that civil law tribunals rarely order security, while common law tribunals do so routinely. But how much of all that is true and how much only folklore? The CIArb Guidelines on Applications for Security for Costs posits that security should be refused where an applicant knew or ought to have known at the time of contracting that there could be difficulty in enforcing an award against a counterparty. The difficulty would merely be a normal commercial risk arising out of the parties' business relationship and not a justification for security. But is the view persuasive? Dr. Cameron Ford's monograph examines these [and] many [other] practical issues relating to security for costs. The work is brisk, but rigorous and exhaustive in its analysis. Reading it has given me greater confidence in handling applications for security. I highly recommend the book."
Professor Anselmo Reyes, University of Hong Kong; International Judge of the Singapore International Commercial Court, Hong Kong
Reihe
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
Academic, Postgraduate, and Professional Reference
Produkt-Hinweis
Fadenheftung
Gewebe-Einband
Illustrationen
6 s/w Tabellen
6 Tables, black and white
Maße
Höhe: 246 mm
Breite: 174 mm
Gewicht
ISBN-13
978-1-032-76680-5 (9781032766805)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Cameron Ford OAM is an arbitrator, barrister and mediator based in Singapore. He completed his PhD in 2022 and was awarded a Medal of the Order of Australia in 2023 for services to law. He has been a partner in the international dispute resolution group of Squire Patton Boggs, Singapore, senior corporate counsel with Rio Tinto in Singapore, a partner in a law firm and a barrister at the independent Bar in Australia, practising in commercial and administrative litigation. He is a Fellow of the Chartered Institute of Arbitrators and a Fellow of the Singapore Institute of Arbitrators. He is on the arbitration panels of the Singapore International Arbitration Centre, the Asian International Centre for Arbitration, the Hong Kong International Arbitration Centre, the Beijing Arbitration Commission, the Singapore Institute of Arbitrators, and the Korean Commercial Arbitration Board, as well as serving as arbitrator in a number of arbitrations.
1 Introduction to the controversy 2 The evolution and nature of security for costs 3 Power and proof 4 Historical approaches to secuirty for costs in arbitration 5 Total circumstances factors 6 The mechanics 7 Party consent and security for costs 8 Party autonomy, procedural fairness, and the nature of arbitration 9 Utility of security for costs in interational commercial arbitration 10 Security for costs in international investment arbitration
