Sentences with phrase «price of an adjournment»

As Lord Mance observed: «Security pending the outcome of foreign proceedings is, in effect, the price of an adjournment which an award debtor is seeking, not to be imposed on an award debtor who is resisting enforcement on properly arguable grounds».

Further, as per the reasoning set forth in Dardana v Yukos (2002), «security pending the outcome of foreign proceedings is, in effect, the price of an adjournment which an award debtor is seeking; it is not to be imposed on an award on an award debtor who is resisting adjournment on properly arguable grounds».

Not exact matches

Lord Mance summarised this as «no adjournment under section 103 (5) onto which to hang, as the price, a requirement of further security».