Arbitral Digest

Matter

CF v SHK and S Listco (Hong Kong Court of First Instance HCCT 45/2023)

Applicable rules
HKIAC Administered Arbitration Rules
  1. 30 April 2023Arbitration

    30 April 2023Arbitration

    Final Award dated 30 April 2023

    Hong Kong International Arbitration Centre

    Decision summary
    The tribunal found in favor of CF on its claims under the Settlement Agreement and the Guarantee, ordered SHK and S Listco to pay CF the remaining Initial Put Price of RMB 1 billion, interest and costs on a joint and several basis without withholding, set-off, counterclaim, retention or deduction, and dismissed the Respondents' counterclaim for lack of jurisdiction.

    Supporting details

    3 participants
    CF
    SHK
    S Listco
    Hong Kong International Arbitration Centre

    1 year, 1 month and 5 days later · 401 days

  2. 4 June 2024Hong Kong

    4 June 2024Hong Kong

    Decision of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region in the case HCCT 45/2023 dated 4 June 2024

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

    Case no.
    HCCT 45/2023
    Citation
    [2024] HKCFI 1493
    Decision summary
    The Court dismissed SHK and S Listco's Summons seeking a stay of execution or enforcement of the Enforcement Order pending final determination of the second arbitration. It held that the Anti-Set-Off Clause precluded the Respondents from relying on their alleged misrepresentation claims as a set-off, and dismissed the Summons with costs to CF and a Certificate for Counsel.

    Supporting details

    18 authorities · 9 participants
    CF
    Representative
    Jose-Antonio Maurellet SC (For: CF)
    Representative
    Cyrus Chua (For: CF)
    Representative
    Clifford Chance (For: CF)
    SHK
    Representative
    Frederick HF Chan (For: SHK · S Listco)
    Representative
    Nixon Peabody CWL (For: SHK · S Listco)
    S Listco
    Representative
    Frederick HF Chan (For: SHK · S Listco)
    Representative
    Nixon Peabody CWL (For: SHK · S Listco)
    Court of First Instance of the High Court of the Hong Kong Special Administrative Region

    Authorities cited

    18
    • Hong Kong Arbitration Ordinance (Cap. 609) (Arbitration Ordinance (Cap. 609))
      statute
    • Rules of the High Court (Cap. 4A)
      statute
    • Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) (Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32))
      statute
    • Hong Kong High Court Ordinance (High Court Ordinance)
      statute
    • Misrepresentation Ordinance
      statute
    • S v G ([2021] 3 HKC 272)
      case law
    • S v G ([2022] HKCA 383)
      case law
    • Credit Lyonnais v SK Global Hong Kong Ltd ([2003] 4 HKC 104)
      case law
    • Shandong Chenming Paper Holdings Limited ([2023] HKCFI 2731)
      case law
    • Shandong Chenming Paper Holdings Ltd ([2024] HKCA 352)
      case law
    • Israel Sorin Shohat v Balram Chainrai ([2017] 6 HKC 174)
      case law
    • Koh Lin Yee v Terrestrial ([2015] 2 SLR 497)
      case law
    • Tubeworkers Ltd v Tilbury ((1985) 4 Con LR 13)
      case law
    • Society of Lloyd's v Leigh ([1997] CLC 1398)
      case law
    • Continental Illinois National Bank and Trust Company of Chicago v Papanicolaou ([1986] 2 Lloyd's Rep 441)
      case law
    • Hui v Esposito Holdings Pty Ltd ((2017) 314 ALR 278)
      case law
    • Lincoln National Life Insurance Co v Sun Life Assurance Co of Canada ([2006] 1 All ER (Comm) 676)
      case law
    • Good Challenger Navegante SA v Metalexportimort SA ([2004] 1 Lloyd's Rep 67)
      case law

Matter record

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CF v SHK and S Listco (Hong Kong Court of First Instance HCCT 45/2023) · Matter