Arbitral Digest

Matter

Asia Credit Company Limited v CS Asia Opportunities Master Fund (High Court of Hong Kong HCCT 21/2022 [2024] HKCFI 2005)

  1. 23 February 2022Arbitration

    23 February 2022Arbitration

    Arbitral award of Sham Shun On Donald dated 23 February 2022

    Decision summary
    Asia Credit Company Limited obtained an arbitral award against CS Asia Opportunities Master Fund.

    Supporting details

    3 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    Institution

    2 months and 3 days later · 62 days

  2. 26 April 2022Hong Kong

    26 April 2022Hong Kong

    Enforcement order of the High Court of Hong Kong dated 26 April 2022

    High Court of Hong Kong

    Decision summary
    The court granted an enforcement order in relation to the arbitral award.

    Supporting details

    3 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    High Court of Hong Kong

    6 months and 21 days later · 204 days

  3. 16 November 2022Hong Kong

    16 November 2022Hong Kong

    Judgment of the High Court of Hong Kong dated 16 November 2022

    High Court of Hong Kong

    Decision summary
    The court entered judgment in favour of Asia Credit Company Limited.

    Supporting details

    3 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    High Court of Hong Kong

    1 day later · 1 days

  4. 17 November 2022Hong Kong

    17 November 2022Hong Kong

    Charging order nisi of the High Court of Hong Kong dated 17 November 2022

    High Court of Hong Kong

    Decision summary
    The court made a charging order nisi over shares standing in the name of CS Asia Opportunities Master Fund.

    Supporting details

    2 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    High Court of Hong Kong

    3 months and 19 days later · 111 days

  5. 8 March 2023Hong Kong

    8 March 2023Hong Kong

    Charging order absolute of the High Court of Hong Kong dated 8 March 2023

    High Court of Hong Kong

    Decision summary
    The court made the charging order absolute over specified shares standing in the name of CS Asia Opportunities Master Fund.

    Supporting details

    2 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    High Court of Hong Kong

    8 months and 15 days later · 260 days

  6. 23 November 2023Hong Kong

    23 November 2023Hong Kong

    Examination order of the High Court of Hong Kong dated 23 November 2023

    High Court of Hong Kong

    Decision summary
    The court ordered the directors of CS Asia Opportunities Master Fund to attend oral examination concerning its debts, assets, liabilities, and means of satisfying the judgment, and to produce relevant books and documents.

    Supporting details

    2 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    High Court of Hong Kong

    2 months and 6 days later · 67 days

  7. 29 January 2024Hong Kong

    29 January 2024Hong Kong

    Order of the High Court of Hong Kong dated 29 January 2024

    High Court of Hong Kong

    Decision summary
    The court further adjourned the examination hearing pending service on the directors and granted leave for substituted service of the examination order and subsequent court documents.

    Supporting details

    3 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    High Court of Hong Kong

    2 months and 28 days later · 88 days

  8. 26 April 2024Hong Kong

    26 April 2024Hong Kong

    Order of the High Court of Hong Kong dated 26 April 2024

    High Court of Hong Kong

    Decision summary
    The court ordered the directors of CS Asia Opportunities Master Fund to produce specified documents, including shares and stock certificates held in the Respondent's name, before and at the adjourned examination hearing.

    Supporting details

    3 participants
    Asia Credit Company Limited
    CS Asia Opportunities Master Fund
    High Court of Hong Kong
    Judge
    SP Yip

    3 months and 5 days later · 96 days

  9. 31 July 2024Hong Kong

    31 July 2024Hong Kong

    Reasons for Decision of the High Court of Hong Kong in the case HCCT 21/2022 dated 31 July 2024

    High Court of Hong Kong, Court of First Instance

    Case no.
    HCCT 21/2022
    Citation
    [2024] HKCFI 2005
    Decision summary
    The court dismissed the Respondent's summons to admit Frank Dominick's third affirmation and dismissed the Respondent's appeal from the 26 April 2024 order. It upheld directions for the Directors' oral examination and document discovery, awarded costs to Asia Credit Company Limited for summary assessment and payment forthwith, and directed CS Asia Opportunities Master Fund to lodge objections to the statement of costs within seven days.

    Supporting details

    7 authorities · 8 participants
    Asia Credit Company Limited
    Representative
    Billy Liu (For: Asia Credit Company Limited)
    Representative
    Cheng & Ng (For: Asia Credit Company Limited)
    CS Asia Opportunities Master Fund
    Representative
    Lilian Ip (For: CS Asia Opportunities Master Fund)
    Representative
    K & L Gates (For: CS Asia Opportunities Master Fund)
    High Court of Hong Kong, Court of First Instance
    Other

    Authorities cited

    7
    • Hong Kong Rules of the High Court (Cap. 4A) (Rules of the High Court (Cap. 4A))
      statute
    • Hong Kong Arbitration Ordinance (Cap. 609) (Arbitration Ordinance (Cap. 609))
      statute
    • Hong Kong Civil Procedure 2024
      academic
    • Lafarge SA and Others v Continental Cement Corp and Another (HCCT 33/2006, 21 August 2006)
      case-law
    • Australia National Bank Ltd v Stern ([2000] FCA 580, 4 May 2000)
      case-law
    • Bloomsbury International Limited v Nouvelle Foods (Hong Kong) Limited ([2005] 1 HKC 337)
      case-law
    • Ladd v Marshall
      case-law

Matter record

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Asia Credit Company Limited v CS Asia Opportunities Master Fund (High Court of Hong Kong HCCT 21/2022 [2024] HKCFI 2005) · Matter