Arbitral Digest

Matter

Baosteel Engineering & Technology Group Company Limited v China Zenith Chemical Group Limited and Heihe Longjiang Chemical Company Limited (HCCT 7/2018)

  1. 16 April 2017Arbitration

    16 April 2017Arbitration

    Arbitral Award dated 16 April 2017

    Decision summary
    The award ordered China Zenith Chemical Group Limited and Heihe Longjiang Chemical Company Limited to pay Baosteel Engineering & Technology Group Company Limited jointly and severally RMB 19.44 million in outstanding fees under the Debt Agreement.

    Supporting details

    3 participants
    Baosteel Engineering & Technology Group Company Limited
    China Zenith Chemical Group Limited
    Heihe Longjiang Chemical Company Limited

    9 months and 22 days later · 297 days

  2. 7 February 2018Hong Kong

    7 February 2018Hong Kong

    Enforcement Order of the High Court of the Hong Kong Special Administrative Region, Court of First Instance dated 7 February 2018

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

    Case no.
    HCCT 7/2018
    Decision summary
    The court granted Baosteel Engineering & Technology Group Company Limited leave to enforce the 16 April 2017 arbitral award in Hong Kong in the same manner as a judgment of the court.

    Supporting details

    2 participants
    Baosteel Engineering & Technology Group Company Limited
    China Zenith Chemical Group Limited
    High Court of the Hong Kong Special Administrative Region, Court of First Instance

    3 months and 16 days later · 105 days

  3. 23 May 2018Hong Kong

    23 May 2018Hong Kong

    Order of Deputy High Court Judge Maurellet SC dated 23 May 2018

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

    Case no.
    HCCT 7/2018
    Decision summary
    The court ordered China Zenith Chemical Group Limited to provide security in connection with its application to set aside the enforcement order. China Zenith failed to provide the security, and its application to set aside the enforcement order was dismissed.

    Supporting details

    2 participants
    China Zenith Chemical Group Limited
    High Court of the Hong Kong Special Administrative Region, Court of First Instance

    1 month and 25 days later · 56 days

  4. 18 July 2018Hong Kong

    18 July 2018Hong Kong

    Reasons for Decision of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in case HCCT 7/2018 dated 18 July 2018

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

    Case no.
    HCCT 7/2018
    Citation
    [2018] HKCFI 1678
    Decision summary
    The court granted China Zenith Chemical Group Limited a temporary six-month stay of execution of the order granting Baosteel leave to enforce the 16 April 2017 arbitral award in Hong Kong. The stay was conditional on China Zenith paying RMB 19,818,046 into court within 14 days or providing an acceptable bank guarantee for that sum; failing that, the stay application would be dismissed. The court held that Heihe Longjiang Chemical Company Limited’s ongoing Mainland defects proceedings did not justify delaying enforcement and ordered China Zenith to pay Baosteel’s costs.

    Supporting details

    1 authority · 8 participants
    Baosteel Engineering & Technology Group Company Limited
    Representative
    Darren FitzGerald (For: Baosteel Engineering & Technology Group Company Limited)
    Representative
    FitzGerald Lawyers (For: Baosteel Engineering & Technology Group Company Limited)
    China Zenith Chemical Group Limited
    Representative
    Christopher Chain (For: China Zenith Chemical Group Limited)
    Representative
    Stephanie Hung (For: China Zenith Chemical Group Limited)
    Representative
    Wellington Legal (For: China Zenith Chemical Group Limited)
    High Court of the Hong Kong Special Administrative Region, Court of First Instance

    Authorities cited

    1
    • Arbitration Ordinance (Cap 609)
      statute

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Baosteel Engineering & Technology Group Company Limited v China Zenith Chemical Group Limited and Heihe Longjiang Chemical Company Limited (HCCT 7/2018) · Matter