Arbitral Digest

Matter

Achieve Goal Holdings Limited v Zhong Xin Ore-Material Holding Company Limited (Hong Kong Court of First Instance HCA 1987/2005)

  1. 3 June 2010Arbitration

    3 June 2010Arbitration

    Xi'an Arbitration Commission Award dated 3 June 2010

    Xi'an Arbitration Commission

    Decision summary
    The award revoked the Keeneye Agreements on the grounds of manifest unfairness and exploitation of a party's precarious position.

    Supporting details

    3 participants
    Keeneye Holdings Limited
    New Purple Golden Resources Development Limited
    Xi'an Arbitration Commission
    Institutional administrator
    Xi'an Arbitration Commission

    8 years, 6 months and 12 days later · 3117 days

  2. 15 December 2018Hong Kong

    15 December 2018Hong Kong

    Judgment of the Court of First Instance of the High Court of Hong Kong in HCA 1987/2005 dated 15 December 2018

    Court of First Instance of the High Court of Hong Kong

    Case no.
    HCA 1987/2005
    Citation
    [2018] HKCFI 2718
    Decision summary
    The court held that Angola's obligation under the December 2004 joint venture agreement was to arrange financing for Zhong Xin rather than make a direct capital injection, and ordered Angola to pay Bai Jun RMB1 million, with interest. It dismissed Bai Jun Camp's counterclaim for a declaration that Angola was not entitled to its 50% shareholding in Zhong Xin and for transfer of that shareholding, and made costs orders concerning the action and the purported Settlement Agreement.

    Supporting details

    11 participants
    Achieve Goal Holdings Limited
    Representative
    Victor Dawes SC (For: Achieve Goal Holdings Limited · Angola Group Holdings Limited)
    Zhong Xin Ore-Material Holding Company Limited
    Clarigain Enterprises Limited
    Representative
    Edward Chan SC (For: Clarigain Enterprises Limited · Bai Jun Tian Cheng Limited)
    Representative
    Clark Wang (For: Clarigain Enterprises Limited · Bai Jun Tian Cheng Limited)
    Bai Jun Tian Cheng Limited
    Representative
    Edward Chan SC (For: Clarigain Enterprises Limited · Bai Jun Tian Cheng Limited)
    Representative
    Clark Wang (For: Clarigain Enterprises Limited · Bai Jun Tian Cheng Limited)
    Angola Group Holdings Limited
    Representative
    Victor Dawes SC (For: Achieve Goal Holdings Limited · Angola Group Holdings Limited)
    Zhao Bing
    Ng Chi Kong
    Court of First Instance of the High Court of Hong Kong

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Achieve Goal Holdings Limited v Zhong Xin Ore-Material Holding Company Limited (Hong Kong Court of First Instance HCA 1987/2005) · Matter