(1) Where, in relation to a proceeding commenced under this Act:
(a) a party unreasonably and without good cause:
(i) demands excessive security in relation to the proceeding; or
(ii) obtains the arrest of a ship or other property under this Act; or
(b) a party or other person unreasonably and without good cause fails to give a consent required under this Act for the release from arrest of a ship or other property;
the party or person is liable in damages to a party to the proceeding, or to a person who has an interest in the ship or property, being a party or person who has suffered loss or damage as a direct result.
(2) The jurisdiction of a court in which a proceeding was commenced under this Act extends to determining a claim arising under subsection ( 1) in relation to the proceeding.