Arbitral Digest

Matter

AAA and Others v DDD (High Court of Hong Kong HCCT 39/2023; [2024] HKCFI 513)

Arbitration between AAA and DDD concerned jurisdiction under a promissory note and loan agreement, with Hong Kong proceedings setting aside part of the tribunal's jurisdiction decision.

  • International commercial arbitration
  • Setting aside arbitral awards
  • Jurisdiction and arbitration agreements
Seat
Hong Kong
Applicable rules
2018 HKIAC Administered Arbitration Rules

Procedural record

  1. 16 February 2024Hong Kong

    16 February 2024Hong Kong

    Judgment of the High Court of Hong Kong in the case HCCT 39/2023 dated 16 February 2024

    High Court of Hong Kong

    Case no.
    HCCT 39/2023
    Citation
    [2024] HKCFI 513
    Decision summary
    The court set aside the tribunal's jurisdiction decision and declared that the tribunal had no jurisdiction to decide claims for payment under the Promissory Note. It held that the tribunal remained competent to determine claims under clause 6 of the Loan Agreement, including whether the Guarantors were released by novation of the Warrant, and refused to strike out references to the Promissory Note in the Statement of Claim. The court ordered nisi that the Lender bear the Respondents' costs, to be taxed if not agreed.

    Participants

    AAA
    Representative
    Lau Ka Kin (For: AAA · BBB · CCC)
    Representative
    Deacons (For: AAA · BBB · CCC)
    BBB
    Representative
    Lau Ka Kin (For: AAA · BBB · CCC)
    Representative
    Deacons (For: AAA · BBB · CCC)
    CCC
    Representative
    Lau Ka Kin (For: AAA · BBB · CCC)
    Representative
    Deacons (For: AAA · BBB · CCC)
    DDD
    Representative
    John CK Chan (For: DDD)
    Representative
    Han Kun Law Offices LLP (For: DDD)
    High Court of Hong Kong
    Judge
    Anselmo Reyes

    Authorities cited

    11
    • Hong Kong Arbitration Ordinance (Cap. 609)
      statute
    • UNCITRAL Model Law on International Commercial Arbitration, 1985 as amended in 2006
      statute
    • C v D (Arbitration) ([2022] CA 729)
      case-law
    • Fiona Trust and Holding Corporation v Privalov ([2007] UKHL 40)
      case-law
    • Terre Neuve SARL and Others v Yewdale Limited and Others ([2020] EWHC 772 (Comm))
      case-law
    • AmTrust Europe Ltd v Trust Risk Group SpA ([2015] EWCA 437)
      case-law
    • Deutsche Bank AG v Sebastian Holdings Inc ([2011] 2 All ER (Comm) 245)
      case-law
    • X v Y ([2021] 2 HKC 68)
      case-law
    • H v G ([2022] HKCFI 1327)
      case-law
    • U v A ([2017] HKCU 599, HCCT 34/2016)
      case-law
    • Dicey, Morris and Collins on the Conflict of Laws, 16th edition
      academic
  2. Date not availableHong Kong

    Date not availableHong Kong

    Tribunal Decision on jurisdiction

    Hong Kong International Arbitration Centre

    Decision summary
    The tribunal dismissed the Respondents' jurisdictional challenge and decided that it had jurisdiction over the Lender's claims based on the Promissory Note.

    Participants

    AAA
    BBB
    CCC
    DDD
    Hong Kong International Arbitration Centre
    Institutional administrator
    Hong Kong International Arbitration Centre

Matter record

Report a correction

AAA and Others v DDD (High Court of Hong Kong HCCT 39/2023; [2024] HKCFI 513) · Matter