Arbitral Digest

Matter

ACTATRADE SA v Hongkong Bai Yuan International Business Co., Limited (High Court of Hong Kong HCCW 219/2021)

Aliases: CIETAC

  1. 1 April 2022Hong Kong

    1 April 2022Hong Kong

    Judgment of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in the case HCCW 219/2021 dated 1 April 2022

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

    Case no.
    HCCW 219/2021
    Citation
    [2022] HKCFI 960
    Decision summary
    The Court held that Hongkong Bai Yuan had not shown a bona fide dispute on substantial grounds concerning ACTATRADE's EUR955,000 debt for methanol delivered aboard MT Clarity and had no contractual basis to withhold payment. It also held that the asserted cross-claim arising from the separate Honesty contracts did not justify withholding the Clarity debt. The Company was given 14 days to pay, failing which ACTATRADE could restore the petition and a usual winding-up order would be made.

    Supporting details

    11 authorities · 8 participants
    ACTATRADE SA
    Representative
    Ping Kan Kwan (For: ACTATRADE SA)
    Representative
    Brenda Chark & Co (For: ACTATRADE SA)
    Hongkong Bai Yuan International Business Co., Limited
    Representative
    Lavesh Kirpalani (For: Hongkong Bai Yuan International Business Co., Limited)
    Representative
    Tsui & Co (For: Hongkong Bai Yuan International Business Co., Limited)
    High Court of the Hong Kong Special Administrative Region, Court of First Instance
    Other
    Institutional administrator
    Official Receiver

    Authorities cited

    11
    • Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance, Cap 32 (Companies (Winding Up and Miscellaneous Provisions) Ordinance, Cap 32 of the Laws of Hong Kong)
      statute
    • Re Yueshou Environmental Holdings Ltd (HCCW 142/2013)
      case-law
    • Re Alpha Building Construction Ltd (HCCW 283/2014)
      case-law
    • TSB Bank plc v Platts (No 2) ([1998] BPIR 284)
      case-law
    • Re Leung Cherng Jiunn ([2016] 1 HKLRD 850 (CA))
      case-law
    • Re Sinom (Hong Kong) Ltd ([2009] 5 HKLRD 487)
      case-law
    • Re Southwest Pacific Bauxite (HK) Ltd ([2018] 2 HKLRD 449)
      case-law
    • But Ka Chon v Interactive Brokers LLC ([2019] 4 HKLRD 85)
      case-law
    • AnAn Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Company) ([2020] SGCA 33)
      case-law
    • Salford Estates (No. 2) v Altomart Ltd (No. 2) ([2015] 1 Ch 589)
      case-law
    • Re Jade Union Investment Ltd (HCCW 400/2003)
      case-law

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ACTATRADE SA v Hongkong Bai Yuan International Business Co., Limited (High Court of Hong Kong HCCW 219/2021) · Matter