ICSID committee affirms power to order security for costs
Harbour in Castries, the capital of Saint Lucia (Credit: istock/Flavio Vallenari)
An ICSID annulment committee has ruled that a tribunal did not exceed its authority in ordering a third-party funded claimant to post security for costs or discontinuing the arbitration when the claimant failed to comply – but went too far in dismissing the claim with prejudice.
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