The investor argued that per se the 1954 Convention would not prevent a state – as opposed to a private claimant or even a state entity – from being ordered to provide security for costs. Judge Kiss disagreed in a fairly detailed and convincing decision.
First, we must note that we are indebted to Mr. John M. Townsend of Hughes Hubbard and Reed LLP, whose own translations, established in another context, were very helpful in the preparation of these translations.
First, we must note that we are indebted to Mr. John M. Townsend of Hughes Hubbard and Reed LLP, whose own translations, established in another context, were very helpful in the preparation of these translations.
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