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SIAC ARBITRATION NO [INSERT NUMBER] OF 2015

IN THE MATTER OF AN ARBITRATION

Between

1. 1

   WEIPA RESOURCES LIMITED

   Claimant

and

1. 2

   SELANGOR RESOURCES SDN BHD

   Respondent

APPLICATION FOR SECURITY FOR COSTS

Orders sought

1. 1. 1

      This is the Respondent’s application for the following orders:

      1. 1.1

         That the Claimant provide security for the Respondent’s costs of the arbitration proceedings in the sum of [insert amount];

      1. 1.2

         That the Claimant provide the Respondent with the said security by way of [insert details of the form in which security is sought, eg banker’s draft/bank guarantee/solicitor’s undertaking];

      1. 1.3

         That these arbitration proceedings, and all procedural and administrative timelines in these arbitration proceedings, be suspended pending the provision of the security; and

      1. 1.4

         That in the event the Respondent fails to provide the security in accordance with subparagraph (1.2) above by [insert date], that [set out consequences].

   1. 2

      The principal grounds relied on for the application are:

      1. 2.1

         The Claimant has insufficient assets to meet any award of costs made against it, and

      1. 2.2

         The Claimant does not have a serious case and/or its