Arbitral Digest

Matter

Chen Hongqing v Mi Jingtian and Others (SPGA Arbitration)

Case no.
Application for Arbitration dated 10 February 2017
  1. 12 June 2018Arbitration

    12 June 2018Arbitration

    SPGA Arbitration Final Award dated 12 June 2018

    Decision summary
    The Final Award treated the Loan Agreements as loan contracts rather than contracts for entrusted purchase of shares, rejecting Chen Hongqing's contrary characterization of the contractual relationship.

    Supporting details

    5 participants
    Chen Hongqing
    Mi Jingtian
    Zhao Liping
    Li Maohuan
    Yu Yuchuan

    2 years, 9 months and 4 days later · 1008 days

  2. 16 March 2021Hong Kong

    16 March 2021Hong Kong

    Decision of the High Court of Hong Kong in HCA 1304/2017 and HCMP 962/2017 dated 16 March 2021

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

    Case no.
    HCA 1304/2017 and HCMP 962/2017
    Citation
    [2021] HKCFI 648
    Decision summary
    On 16 March 2021, the Court dismissed the HCMP 962/2017 proceedings following the SPGA Arbitration Final Award dated 12 June 2018 and released the defendants and Asia Cement Corporation from their undertakings. It refused the applications to join Mi Jingtian, Zhao Liping, Li Maohuan and Yu Yuchuan as defendants in HCA 1304/2017 and for injunctive relief against them and Asia Cement Corporation, finding the proposed claim plainly non-viable and no serious question to be tried. The Court allowed Asia Cement Corporation's security-for-costs application and fixed security at HK$1,650,000 plus RMB200,000.

    Supporting details

    11 authorities · 14 participants
    Chen Hongqing
    Representative
    Bernard Mak (For: Chen Hongqing)
    Representative
    Isaac Chan (For: Chen Hongqing)
    Representative
    Ho Lok Hin (For: Chen Hongqing)
    Mi Jingtian
    Representative
    Simon Westbrook (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Representative
    Sharon Yuen (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Zhao Liping
    Representative
    Simon Westbrook (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Representative
    Sharon Yuen (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Li Maohuan
    Representative
    Simon Westbrook (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Representative
    Sharon Yuen (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Yu Yuchuan
    Representative
    Simon Westbrook (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Representative
    Sharon Yuen (For: Mi Jingtian · Zhao Liping · Li Maohuan · Yu Yuchuan)
    Asia Cement Corporation
    Representative
    Abraham Chan (For: Asia Cement Corporation)
    Representative
    Joshua Chan (For: Asia Cement Corporation)
    High Court of the Hong Kong Special Administrative Region, Court of First Instance

    Authorities cited

    11
    • Arbitration Ordinance (Cap 609)
      statute
    • High Court Ordinance (Cap 4)
      statute
    • Goldbay Fortis Ltd v Rich Resources Development Ltd ([2018] HKCFI 2684)
      case law
    • Pang Kwok Lam v Schneider Electric Asia Pacific (HCPI 90/2010, 5 January 2011)
      case law
    • National Commercial Bank of Jamaica v Olint ([2009] 1 WLR 1405)
      case law
    • DBS Bank v Tian Wen Quan (HCA 3228/2016, 12 October 2017)
      case law
    • Iskandar v Leo (CACV 117/1987, 28 September 1987)
      case law
    • Big Island Construction (HK) Ltd v Wu Yi Development Co Ltd (HCA 1957/2005, 26 October 2007)
      case law
    • Decision in HCA 1282/2017 ([2018] HKCFI 1042)
      case law
    • Trust Actions Judgment ([2018] HKCFI 195)
      case law
    • Reasons for Decision of G Lam J dated 31 May 2018 ([2018] HKCFI 1169)
      case law

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Chen Hongqing v Mi Jingtian and Others (SPGA Arbitration) · Matter