Arbitral Digest

Matter

1955 Capital Fund I GP LLC and 1955 Capital China Fund GP LLC v Global Industrial Investment Limited

  1. 3 August 2018Arbitration

    3 August 2018Arbitration

    Partial Final Award dated 3 August 2018

    Supporting details

    4 participants
    1955 Capital Fund I GP LLC
    1955 Capital China Fund GP LLC
    Global Industrial Investment Limited
    Institution

    10 months and 23 days later · 327 days

  2. 26 June 2019Arbitration

    26 June 2019Arbitration

    Final Award dated 26 June 2019, corrected on 20 August 2019

    Decision summary
    The Award directed Global Industrial Investment Limited to pay the applicants USD 9,328,853.53 and was corrected on 20 August 2019.

    Supporting details

    4 participants
    1955 Capital Fund I GP LLC
    1955 Capital China Fund GP LLC
    Global Industrial Investment Limited
    Institution

    4 months and 3 days later · 125 days

  3. 29 October 2019Hong Kong

    29 October 2019Hong Kong

    Ex parte Enforcement Order dated 29 October 2019

    High Court of the Hong Kong Special Administrative Region

    Decision summary
    Madam Justice Mimmie Chan granted the applicants leave to enforce the Award ex parte, allowing the respondent 14 days to apply to set it aside and postponing enforcement until that period expired.

    Supporting details

    4 participants
    1955 Capital Fund I GP LLC
    1955 Capital China Fund GP LLC
    Global Industrial Investment Limited
    High Court of the Hong Kong Special Administrative Region

    3 months and 2 days later · 94 days

  4. 31 January 2020United States

    31 January 2020United States

    Order of the United States District Court for the Northern District of California dated 31 January 2020

    United States District Court for the Northern District of California

    Decision summary
    The court denied Global Industrial Investment Limited's petition to vacate the Award and granted the applicants' cross-petition to confirm it.

    Supporting details

    3 participants
    1955 Capital Fund I GP LLC
    1955 Capital China Fund GP LLC
    Global Industrial Investment Limited
    United States District Court for the Northern District of California

    4 months and 3 days later · 124 days

  5. 3 June 2020Hong Kong

    3 June 2020Hong Kong

    Decision of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in the case HCCT 61/2019 dated 3 June 2020

    High Court of the Hong Kong Special Administrative Region, Court of First Instance

    Case no.
    HCCT 61/2019
    Citation
    [2020] HKCFI 956
    Decision summary
    The Court discharged forthwith the ex parte Enforcement Order because the applicants deliberately omitted material words concerning the Award's binding status, depriving the judge of the opportunity to assess the enforcement application properly and fully. The Court ordered nisi for the applicants to pay the respondents' costs, with a certificate for two Counsel; it was unnecessary to determine the remaining arguments.

    Supporting details

    4 authorities · 12 participants
    1955 Capital Fund I GP LLC
    Representative
    Jose-Antonio Maurellet (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    Representative
    Connie Lee (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    Representative
    Orrick, Herrington & Sutcliffe (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    Representative
    Robert P. Varian (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    1955 Capital China Fund GP LLC
    Representative
    Jose-Antonio Maurellet (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    Representative
    Connie Lee (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    Representative
    Orrick, Herrington & Sutcliffe (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    Representative
    Robert P. Varian (For: 1955 Capital Fund I GP LLC · 1955 Capital China Fund GP LLC)
    Global Industrial Investment Limited
    Representative
    Jin Pao (For: Global Industrial Investment Limited)
    Representative
    Natalie So (For: Global Industrial Investment Limited)
    Representative
    Frederick Hui (For: Global Industrial Investment Limited)
    Representative
    Zhong Lun Law Firm (For: Global Industrial Investment Limited)
    High Court of the Hong Kong Special Administrative Region, Court of First Instance

    Authorities cited

    4
    • Arbitration Ordinance (Cap 609)
      statute
    • Hong Kong Rules of the High Court (Cap 4A) (Rules of the High Court (Cap 4A))
      statute
    • Grant Thornton International Ltd v JPBP & Co (A Partnership) (HCCT 13/2012, 5 April 2013)
      case law
    • NCS Co Ltd v Bao Harvest Holding Ltd ([2012] 5 HKLRD 138)
      case law

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1955 Capital Fund I GP LLC and 1955 Capital China Fund GP LLC v Global Industrial Investment Limited · Matter