Arbitral Digest

Matter

A1 and A2 v W1 and W2 (High Court of Hong Kong HCCT 14/2022)

Case no.
LCIA Arbitration Case No. 153051
  1. 12 March 2019Arbitration

    12 March 2019Arbitration

    Partial award dated 12 March 2019

    London Court of International Arbitration

    Decision summary
    The tribunal made a partial award in the dispute under the parties' Stock Purchase Agreement.

    Supporting details

    4 participants
    A1
    A2
    W1
    W2
    London Court of International Arbitration

    2 years, 7 months and 1 day later · 946 days

  2. 13 October 2021Arbitration

    13 October 2021Arbitration

    Final award dated 13 October 2021

    London Court of International Arbitration

    Decision summary
    The tribunal ordered W2 to pay US$142,943,168 and interest to A1, and ordered W1 and W2 jointly and severally to pay A1 and A2 their total fees and disbursements and arbitration costs.

    Supporting details

    4 participants
    A1
    A2
    W1
    W2
    London Court of International Arbitration

    4 months and 24 days later · 147 days

  3. 9 March 2022Hong Kong

    9 March 2022Hong Kong

    Enforcement order of the Court of First Instance of the High Court of Hong Kong in the case HCCT 14/2022 dated 9 March 2022

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

    Case no.
    HCCT 14/2022
    Decision summary
    The court granted A1 and A2 leave to enforce the partial and final arbitral awards against W1 and W2.

    Supporting details

    4 participants
    A1
    A2
    W1
    W2
    Court of First Instance of the High Court of the Hong Kong Special Administrative Region

    7 months and 8 days later · 222 days

  4. 17 October 2022Hong Kong

    17 October 2022Hong Kong

    Decision of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region in the case HCCT 14/2022 dated 17 October 2022

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

    Case no.
    HCCT 14/2022
    Citation
    [2022] HKCFI 3173
    Decision summary
    The court ordered W1 and W2 to furnish security pending determination of their application to set aside the enforcement order, fixing security at 40% of the amounts specified in the final award on quantum and HK$750,000 as security for costs. It ordered the defendants to pay the costs of the summons, subject to summary assessment if not agreed.

    Supporting details

    10 authorities · 9 participants
    A1
    Representative
    Kobre & Kim (For: A1 · A2)
    A2
    Representative
    Kobre & Kim (For: A1 · A2)
    W1
    Representative
    Jose Maurellet SC (For: W1 · W2)
    Representative
    Alexander Tang (For: W1 · W2)
    Representative
    Li & Partners (For: W1 · W2)
    W2
    Representative
    Jose Maurellet SC (For: W1 · W2)
    Representative
    Alexander Tang (For: W1 · W2)
    Representative
    Li & Partners (For: W1 · W2)
    Court of First Instance of the High Court of the Hong Kong Special Administrative Region

    Authorities cited

    10
    • Arbitration Ordinance (Cap 609)
      statute
    • New York Convention (Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention))
      treaty
    • Soleh Boneh International Ltd v Government of the Republic of Uganda ([1993] 2 Lloyd's Rep 208)
      case law
    • Guo Shun Kai v Wing Shing Chemical Co Ltd ([2013] 3 HKLRD 484)
      case law
    • Dana Shipping and Trading SA v Sino Channel Asia Ltd ([2017] 1 HKC 281)
      case law
    • IPCO (Nigeria) Ltd v Nigerian National Petroleum Corporation ([2005] 1 Lloyd's Rep 475)
      case law
    • A v B ([2022] HKCFI 607)
      case law
    • Karaha Bodas Co LLC v Persusahaan Pertambangan Minydak Dan Gas Bumi Negara ([2003] 2 HKLRD 381)
      case law
    • X v Jemmy Chen ([2019] HKCFI 2172)
      case law
    • Weili Su v Shengkang Fei ([2019] 2 HKLRD 1214)
      case law

    1 month and 15 days later · 46 days

  5. 2 December 2022Hong Kong

    2 December 2022Hong Kong

    Decision of the High Court of Hong Kong in the case HCCT 14A/2022 dated 2 December 2022

    High Court of Hong Kong, Court of First Instance

    Case no.
    HCCT 14A/2022
    Citation
    [2022] HKCFI 3637
    Decision summary
    The court dismissed W1 and W2's application for leave to appeal against the decision ordering security pending determination of their application to set aside the enforcement order, with costs to A1 and A2 to be summarily assessed if not agreed. The order nisi was to be made absolute unless an application for variation was made within 14 days.

    Supporting details

    4 authorities · 9 participants
    A1
    Representative
    Kobre & Kim (For: A1 · A2)
    A2
    Representative
    Kobre & Kim (For: A1 · A2)
    W1
    Representative
    Jose Maurellet SC (For: W1 · W2)
    Representative
    Alexander Tang (For: W1 · W2)
    Representative
    Li & Partners (For: W1 · W2)
    W2
    Representative
    Jose Maurellet SC (For: W1 · W2)
    Representative
    Alexander Tang (For: W1 · W2)
    Representative
    Li & Partners (For: W1 · W2)
    High Court of Hong Kong, Court of First Instance

    Authorities cited

    4
    • Mimi Kar Yee Hung v Severn Villa Limited (HCMP 2192/2011, 12 January 2012)
      case law
    • DP World Djibouti FZCO and ors v China Merchants Port Holdings Company Limited ([2022] HKCA 84)
      case law
    • Soleh Boneh International Ltd v Government of the Republic of Uganda ([1993] 2 Lloyd's Rep 208)
      case law
    • Kwong Yi Ling v Lau Kwun Leung ([2021] HKCFI 2303)
      case law

Matter record

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A1 and A2 v W1 and W2 (High Court of Hong Kong HCCT 14/2022) · Matter