Section 25 Arbitration and Mediation Act

Section 25 Arbitration and Mediation Act 2023 is about Order by the arbitral tribunal for provision of security. It is under Part I (Arbitration) of the Act.

(1) The arbitral tribunal may require the party requesting an interim measure to provide appropriate security in connection with the measure.

(2) The arbitral tribunal shall require the party applying for a preliminary order to provide security in connection with the order unless the arbitral tribunal considers it inappropriate or unnecessary to do so.