Republic of Kazakhstan v Istil Group Ltd: CA 9 Nov 2005

The parties had agreed for the provision of security for costs to cover thr proceedings save for any appeal. The defendant appealed an order refusing jurisdiction to vary that order.
Held: The appeal succeeded. The court retained a jurisdictio to make an order for security for costs, and that jurisdiction was not lost for the fact that the parties had made their own arrangements. It had to do what was just in all the circumstances. That now required an increase in the amount to be provided by way of security.

Judges:

Sir Anthony Carke MR, Rix, Richards LJJ

Citations:

Times 17-Nov-2005, [2005] EWCA Civ 1468, [2006] 1 WLR 596

Links:

Bailii

Statutes:

Arbitration Act 1996 867 68

Jurisdiction:

England and Wales

Costs, Arbitration

Updated: 04 July 2022; Ref: scu.235144