Arbitral Digest

Matter

Astor Asset Management 3 Limited v ZS Capital Fund SPC, Ma Danyu, Zhang Ningning and Zhou Yihui (Jamaica Supreme Court SU2021CD00543)

Seat
Jamaica
  1. 15 November 2021Jamaica

    15 November 2021Jamaica

    Final Award

    Decision summary
    The tribunal found that Astor was a money lender under Hong Kong law and concluded that the relief sought could be granted only by the Hong Kong High Court, so it lacked jurisdiction to grant that relief.

    Supporting details

    6 participants
    Astor Asset Management 3 Limited
    ZS Capital Fund SPC
    Ma Danyu
    Zhang Ningning
    Zhou Yihui
    Institution

    3 months and 6 days later · 98 days

  2. 21 February 2022Jamaica

    21 February 2022Jamaica

    Final Award in respect of costs

    Decision summary
    The tribunal awarded costs to the Defendants after the parties agreed that costs would be awarded to the successful party.

    Supporting details

    6 participants
    Astor Asset Management 3 Limited
    ZS Capital Fund SPC
    Ma Danyu
    Zhang Ningning
    Zhou Yihui
    Institution

    2 years, 2 months and 18 days later · 808 days

  3. 9 May 2024Jamaica

    9 May 2024Jamaica

    Decision of the Supreme Court of Judicature of Jamaica, Commercial Division in the case SU2021CD00543 dated 9 May 2024

    Supreme Court of Judicature of Jamaica, Commercial Division

    Case no.
    SU2021CD00543
    Citation
    [2024] JMCC Comm 23
    Decision summary
    The Court held that section 55 of the Arbitration Act 2017 gives it jurisdiction to review the arbitral awards and that the parties could not contract out of that statutory jurisdiction. It granted summary judgment for the Defendants because Astor had no real prospect of establishing a statutory ground to set aside the Final Award or Costs Award, and granted leave to appeal.

    Supporting details

    55 authorities · 10 participants
    Astor Asset Management 3 Limited
    Representative
    Trudy-Ann Dixon-Frith (For: Astor Asset Management 3 Limited)
    Representative
    Samantha Grant (For: Astor Asset Management 3 Limited)
    ZS Capital Fund SPC
    Representative
    Tana'ania Small Davis KC (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Representative
    Analiese Minott (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Ma Danyu
    Representative
    Tana'ania Small Davis KC (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Representative
    Analiese Minott (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Zhang Ningning
    Representative
    Tana'ania Small Davis KC (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Representative
    Analiese Minott (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Zhou Yihui
    Representative
    Tana'ania Small Davis KC (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Representative
    Analiese Minott (For: ZS Capital Fund SPC · Ma Danyu · Zhang Ningning · Zhou Yihui)
    Supreme Court of Judicature of Jamaica, Commercial Division

    Authorities cited

    55
    • Arbitration Act 2017 (Jamaica), ss. 4, 5, 8, 49 and 55
      statute
    • UNCITRAL Model Law on International Commercial Arbitration (1985), as amended in 2006, arts. 5 and 34
      model law
    • Civil Procedure Rules 2002 (Jamaica), rr. 9.5, 9.6, 26.3 and Part 15
      rules
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    • London Steamship Owners' Mutual Insurance Association Ltd v Kingdom of Spain and another, [2015] EWCA Civ 333
      case
    • Lesotho Highlands Development Authority v Impregilo SpA and others, [2005] UKHL 43
      case
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    • Mansfield v Robinson, [1928] 2 K.B. 353
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    • ASE Metals NV v Exclusive Holiday of Elegance Limited, [2013] JMCA Civ 37
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    • lululemon athletica canada inc. v Industrial Color Productions Inc., [2021] BCCA 428
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    • Handbook of UNCITRAL Arbitration
      academic
    • Can The Parties Contract Out Of The UNCITRAL Model Law?
      academic
    • UNCITRAL Secretariat Explanatory Note on the 1985 Model Law on International Commercial Arbitration as amended in 2006, para. 17
      official material
    • Gbangbola and another v Smith & Sherriff Ltd., [1998] 3 All ER 730
      case
    • PJSC National Bank Trust and another v Mints and others, [2022] 1 WLR 3099
      case
    • Western Australia of CBI Constructors Pty Ltd. v Chevron Australia Pty Ltd., [2023] BC202300111
      case
    • Front Row Investments v Daimler South East Asia, [2010] SGHC 80
      case
    • AKN & Anor v ALC & Others, [2015] SGCA 15
      case
    • Oil & Natural Gas Corpn. Ltd. v Western Geco International Ltd., AIR 2015 Supreme Court 363
      case
    • Cecelia Laird v Critchlow & Anor, [2012] JMSC Civ 157
      case
    • Cammock (Deceased and substituted by Nephew, Fitzroy Phillips) and Another v Hemmings and another, [2014] JMSC Civ 184
      case
    • Lewis & Others v NCB Ja Ltd, [2018] JMSC Civ 40
      case
    • Civil Court Practice (The Green Book)
      academic
    • Douglas et al v National Commercial Bank Jamaica Limited, [2013] JMSC Civ 85
      case
    • West Indies Petroleum Limited v Wilkinson and Levy, [2023] JMCA Civ 2
      case
    • Trillian Dougals v the Commissioner of Police, [2017] JMSC Civ
      case
    • Farah v British Airways PLC and another, [2000] Times, 26 January CA
      case
    • Equitable Life Assurance Society v Ernst Young, [2003] 2 BCLC 603
      case
    • Leyvand v Barasch, The Times, 23 March 2000
      case
    • Ras Al Khaimah Investment Authority v Farhad Azima and others, [2022] EWHC 1295 (Ch)
      case
    • White Book 2004
      academic
    • Blackstone’s Civil Practice 2005
      academic
    • Carey-Hazell v Getz Bros & Co (Aus) Pty Ltd, [2004] FCA 1334
      case

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Astor Asset Management 3 Limited v ZS Capital Fund SPC, Ma Danyu, Zhang Ningning and Zhou Yihui (Jamaica Supreme Court SU2021CD00543) · Matter