ICSID Committee Denies Norway’s Bid for Security for Costs

IAReporter ’s Damien Charlotin has just published an article that the ad hoc committee has dismissed the respondent’s request for security for costs in the annulment proceedings initiated by SIA North Star and Peteris Pildegovics in ICSID Case ARB/20/11 against the Kingdom of Norway, where Savoie Arbitration represents the investor-claimants alongside Professor Mads Andenas KC.

This decision reaffirms that security for costs should not be granted lightly, especially when it could impede access to justice for investors.