How can a party obtain security for costs in international litigation?

When parties are involved in international litigation, it is important to ensure that one is not taken advantage of financially. This is why parties in international litigation may seek security for costs in order to protect themselves financially. In California, a party can obtain security for costs by filing a motion with the court. The motion must provide evidence that the party filing is likely to prevail and that they need the security to cover the expenses associated with litigation (e.g. legal fees, travel costs, and expert witness fees). The motion must also show that the other party is financially unable or unwilling to pay these costs. The court will then review the motion and may grant the request by ordering the other party to either post a cash bond or show proof of a suitable surety bond (an insurance policy that covers any losses in the event the other party does not pay). The amount of the bond is typically based on the estimated costs of the case and should cover all expenses should the party requesting the security prevail. Once the security is granted, the party is protected from any losses should the other party not be able to pay. The security for costs may also give an incentive for the other party to settle the case more quickly as they will have to pay for the bond until the end of the case.

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How can a party obtain security for costs in international litigation?

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