(1)  A court to which an application for an indemnity certificate is made may –

(a) grant the application; or

(b) refuse the application; or

(c) grant the application but order that the indemnity conferred by the certificate be limited to such portion of the costs of the appeal as the court considers appropriate.

(2)  A court which grants an indemnity certificate in respect of an appeal may, if the appeal is one in a sequence of appeals, order that the indemnity conferred by the certificate be limited to such portion of the costs of that sequence of appeals as the court considers appropriate.

(3)  For the purposes of subsections (1) and (2) a court may have regard to any matters it considers relevant and, in particular, may have regard to the conduct of the appeal or of any proceedings prior to the appeal by or on behalf of the applicant.

(4)  An appeal does not lie from a decision of a court made pursuant to this section.