Arbitral Digest

Matter

But Ka Chon v Interactive Brokers LLC

  1. 4 December 2018Hong Kong

    4 December 2018Hong Kong

    Decision of the High Court in the case HCSD No 5 of 2017 dated 4 December 2018

    High Court

    Case no.
    HCSD No 5 of 2017
    Decision summary
    The High Court dismissed But Ka Chon's application to set aside Interactive Brokers LLC's statutory demand.

    Supporting details

    4 participants
    But Ka Chon
    Representative
    Tony Ko (For: But Ka Chon)
    Interactive Brokers LLC
    High Court
    Judge
    Yee

    3 months and 2 days later · 92 days

  2. 6 March 2019Hong Kong

    6 March 2019Hong Kong

    Order of the High Court in the case HCB 7426/2018 dated 6 March 2019

    High Court

    Case no.
    HCB 7426/2018
    Decision summary
    The High Court stayed all further proceedings in But Ka Chon's bankruptcy pending determination of the appeal.

    Supporting details

    3 participants
    But Ka Chon
    Interactive Brokers LLC
    High Court
    Judge
    Leung

    4 months and 27 days later · 149 days

  3. 2 August 2019Hong Kong

    2 August 2019Hong Kong

    Judgment of the Court of Appeal of the High Court of the Hong Kong Special Administrative Region in the case CACV 611/2018 dated 2 August 2019

    Court of Appeal of the High Court of the Hong Kong Special Administrative Region

    Case no.
    CACV 611/2018
    Citation
    [2019] HKCA 873
    Decision summary
    The Court of Appeal dismissed But Ka Chon's appeal and upheld the refusal to set aside Interactive Brokers LLC's statutory demand. It held that the alleged misrepresentation did not establish a substantial dispute or cross-claim, and that But had not taken the steps required to commence arbitration. The court did not decide whether the Lasmos approach should be adopted.

    Supporting details

    26 authorities · 12 participants
    But Ka Chon
    Representative
    Tony Ko (For: But Ka Chon)
    Representative
    Kong Cheuk Wing (For: But Ka Chon)
    Representative
    Lee Chan Cheng (For: But Ka Chon)
    Interactive Brokers LLC
    Representative
    Alexander Stock (For: Interactive Brokers LLC)
    Representative
    Val Chow (For: Interactive Brokers LLC)
    Representative
    Tanner De Witt (For: Interactive Brokers LLC)
    Court of Appeal of the High Court of the Hong Kong Special Administrative Region
    Other

    Authorities cited

    26
    • Hong Kong Bankruptcy Rules (Cap 6A)
      statute
    • Hong Kong Securities and Futures Ordinance (Cap 571)
      statute
    • Hong Kong Securities and Futures (Leveraged Foreign Exchange Trading) (Arbitration) Rules (Cap 571F)
      statute
    • Hong Kong Arbitration Ordinance (Cap 609)
      statute
    • Hong Kong Bankruptcy Ordinance (Cap 6)
      statute
    • Hong Kong Companies (Winding Up and Miscellaneous Proceedings Provisions) Ordinance (Cap 32)
      statute
    • Hong Kong Companies (Winding-up) Rules (Cap 32H)
      statute
    • UK Arbitration Act 1996 (Arbitration Act 1996)
      statute
    • UK Arbitration Act 1975 (Arbitration Act 1975)
      statute
    • Re a Debtor (No 1 of 1987) ([1989] 1 WLR 272)
      case-law
    • Hollmet AG v Meridian Success Metal Supplies Ltd ([1997] HKLRD 828)
      case-law
    • Re Sky Datamann (Hong Kong) Ltd (HCCW 487/2001)
      case-law
    • Re Jade Union Investment Ltd (HCCW 400/2003)
      case-law
    • Re Southern Materials Holding (HK) Co Ltd (HCCW 281/2007)
      case-law
    • Re Quiksilver Glorious Sun JV Ltd ([2014] 4 HKLRD 759)
      case-law
    • Eco Measure Market Exchange Ltd v Quantum Climate Services Ltd ([2015] BCC 877)
      case-law
    • Salford Estates (No 2) Ltd v Altomart Ltd (No 2) ([2015] Ch 589)
      case-law
    • Raiffeisen Zentralbank Osterreich AG v Royal Bank of Scotland ([2011] 1 Lloyd's Rep 123)
      case-law
    • Tai Hing Cotton Mill Ltd v Glencore Grain Rotterdam BV ([1995] 1 HKC 363)
      case-law
    • Re Greater Beijing Region Expressways Ltd ([1999] 4 HKC 807)
      case-law
    • Re Sit Kwong Lam (Debtor) ([2019] 2 HKLRD 924)
      case-law
    • Medical Council of Hong Kong v Chow Siu Shek ((2000) 3 HKCFAR 144)
      case-law
    • Jinpeng Group Ltd v Peak Hotels and Resorts Ltd (BVI HCMAP 2014/0025 and 2015/0003)
      case-law
    • Re Southwest Pacific Bauxite (HK) Ltd ([2018] 2 HKLRD 449)
      case-law
    • Ming Shiu Chung v Ming Shiu Sum ((2006) 9 HKCFAR 334)
      case-law
    • Halki Shipping Corporation v Sopex Oils Ltd ([1998] 1 WLR 726)
      case-law

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But Ka Chon v Interactive Brokers LLC · Matter