Matter
AI, AG and EH v LG II and LG III (High Court of Hong Kong HCCT 69/2022)
- 9 June 2022Arbitration
9 June 2022Arbitration
Arbitral Award dated 9 June 2022
- Decision summary
- The Tribunal found that the Agreements were not void or unenforceable for illegality or common mistake, rejected rescission claims based on misrepresentation or breach of contract, and found that Events of Default had occurred under the Notes by January 2020. It awarded the Defendants payment of sums due under the Notes totaling US$497,764,920 and the costs of the arbitration.
Supporting details
5 participantsAI
AG
EH
LG II
LG III
26 days later · 26 days
- 5 July 2022Arbitration
5 July 2022Arbitration
Correction to Arbitral Award dated 5 July 2022
Supporting details
5 participantsAI
AG
EH
LG II
LG III
10 months and 3 days later · 307 days
- 8 May 2023Hong Kong
8 May 2023Hong Kong
Decision of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in the case HCCT 69/2022 dated 8 May 2023
High Court of the Hong Kong Special Administrative Region, Court of First Instance
- Citation
- [2023] HKCFI 1183
- Decision summary
- The court dismissed the Plaintiffs' application to set aside the arbitral Award. It held that the Tribunal adequately addressed the issues of foreign and domestic illegality, misrepresentation, alleged breach of warranty, and Events of Default under the Notes, and that the Plaintiffs had a full opportunity to present their case. The Plaintiffs were ordered to pay the application costs on an indemnity basis, subject to the order nisi becoming absolute unless varied within 14 days.
Supporting details
20 authorities · 12 participantsAI
- Representative
- Thomas Lee (For: AI · AG · EH)
- Representative
- Francis Chung (For: AI · AG · EH)
- Representative
- Howse Williams (For: AI · AG · EH)
AG
- Representative
- Thomas Lee (For: AI · AG · EH)
- Representative
- Francis Chung (For: AI · AG · EH)
- Representative
- Howse Williams (For: AI · AG · EH)
EH
- Representative
- Thomas Lee (For: AI · AG · EH)
- Representative
- Francis Chung (For: AI · AG · EH)
- Representative
- Howse Williams (For: AI · AG · EH)
LG II
- Representative
- Simon Chapman (For: LG II · LG III)
- Representative
- Kathryn Sanger (For: LG II · LG III)
- Representative
- Herbert Smith Freehills (For: LG II · LG III)
LG III
- Representative
- Simon Chapman (For: LG II · LG III)
- Representative
- Kathryn Sanger (For: LG II · LG III)
- Representative
- Herbert Smith Freehills (For: LG II · LG III)
High Court of the Hong Kong Special Administrative Region, Court of First Instance
- Judge
- Mimmie Chan