Conditions of Security for Costs Order in International Commercial Arbitration

Nowadays, security for costs order to prevent frivolous claims has been recognized in most national and arbitral institutions laws. Nevertheless, Iran’s international commercial arbitration Act like Uncitral Model Law, 1985 has not mentioned it and so it has result in some questins in possibility and conditions to order it in arbitrations covered this law. This writing through descriptive analytical and also comparative method provides clear meaning for security for costs order and surveys its possibility and conditions to order it under Iran Law. The essay shows although it is possible to order this provisional measure, the conditions for awarding it should access with considering lex mercatoria. Other procedural ambiguities are resolved taking account applicable rules on measure interims.