Matter
Borrower v Lender (High Court of Hong Kong HCCT 146/2024; [2025] HKCFI 3197)
- 30 July 2024Hong Kong
30 July 2024Hong Kong
Final Award dated 30 July 2024
Hong Kong International Arbitration Centre
- Decision summary
- The tribunal allowed all of Lender's claims except the claim for unjust enrichment and allowed Borrower's counterclaim with an award of nominal damages.
Supporting details
2 participantsBorrower
Lender
Hong Kong International Arbitration Centre
11 months and 24 days later · 359 days
- 24 July 2025Hong Kong
24 July 2025Hong Kong
Decision of the High Court of Hong Kong in the case HCCT 146/2024 dated 24 July 2025
High Court of Hong Kong, Court of First Instance
- Citation
- [2025] HKCFI 3197
- Decision summary
- The Court held that it had jurisdiction under Order 23 rule 1 of the Rules of the High Court to order security for costs in the setting-aside proceedings. It ordered Borrower to provide security of HK$1.5 million for Lender's costs, with the Originating Summons to be dismissed without further notice if the security was not provided as ordered, and ordered Borrower to pay the costs of the Security Summons.
Supporting details
16 authorities · 8 participantsBorrower
- Representative
- Felix HY Tang (For: Borrower)
- Representative
- Tung, Ng, Tse & Lam (For: Borrower)
Lender
- Representative
- Queenie Lau SC (For: Lender)
- Representative
- Cedric Yeung (For: Lender)
- Representative
- Simmons & Simmons (For: Lender)
High Court of Hong Kong, Court of First Instance
- Judge
- Mimmie Chan