(1) Without prejudice to the generality of Article 19, the arbitral tribunal may, unless otherwise agreed by the parties, order a party to provide security for the costs of the arbitration.

(2) A party shall not be ordered by an arbitral tribunal to provide security for the costs of the arbitration solely on the ground that the party is -

(a) an individual who is domiciled, habitually resident, or carrying on business outside the State, or

(b) a body corporate established under a law of a place other than the State or whose central management and control is situated outside the State.