Matter
CNG v G, G and SIL (HCCT 148/2024 and HCCT 149/2024; [2025] HKCFI 3598)
- 9 February 2023Arbitration
9 February 2023Arbitration
First Partial Award
Hong Kong International Arbitration Centre
- Decision summary
- The Tribunal held that the 1st Respondent had validly exercised its right of first refusal under the shareholders' agreement and ordered CNG to transfer its 65% shareholding in SIL to the 1st Respondent.
Supporting details
2 participantsCNG
G (1st Respondent)
Hong Kong International Arbitration Centre
4 months and 17 days later · 137 days
- 26 June 2023Arbitration
26 June 2023Arbitration
Second Partial Final Award
Hong Kong International Arbitration Centre
- Decision summary
- The Tribunal found that CNG had failed to implement extensive exploration in accordance with good industry practice and reserved quantum for a further award.
Supporting details
3 participantsCNG
G (1st Respondent)
G (2nd Respondent)
Hong Kong International Arbitration Centre
4 months and 26 days later · 148 days
- 21 November 2023Arbitration
21 November 2023Arbitration
Specific Performance Partial Award
Hong Kong International Arbitration Centre
- Decision summary
- The Tribunal ordered specific performance of the Share Transfer required by the First Partial Award.
Supporting details
3 participantsCNG
G (1st Respondent)
G (2nd Respondent)
Hong Kong International Arbitration Centre
3 months and 6 days later · 98 days
- 27 February 2024Hong Kong
27 February 2024Hong Kong
Reasons for Decision of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region dated 27 February 2024
Court of First Instance of the High Court of the Hong Kong Special Administrative Region
- Decision summary
- The Court dismissed CNG's application to set aside the First Partial Award.
10 days later · 10 days
- 8 March 2024Hong Kong
8 March 2024Hong Kong
Decision of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region dated 8 March 2024
Court of First Instance of the High Court of the Hong Kong Special Administrative Region
- Decision summary
- The Court dismissed CNG's application to set aside the Second Partial Final Award and remitted one issue to the Tribunal for consideration.
20 days later · 20 days
- 28 March 2024British Virgin Islands
28 March 2024British Virgin Islands
Order of the BVI Court dated 28 March 2024
BVI Court
- Decision summary
- The BVI Court granted an ex parte freezing order and a mandatory injunction requiring CNG and SIL to repatriate sums paid from SIL's bank accounts to the Mainland.
18 days later · 18 days
- 15 April 2024British Virgin Islands
15 April 2024British Virgin Islands
Order of the BVI Court dated 15 April 2024
BVI Court
- Decision summary
- The BVI Court dismissed CNG's application to set aside the enforcement orders for the First Partial Award and the Specific Performance Partial Award.
1 month and 10 days later · 40 days
- 25 May 2024Arbitration
25 May 2024Arbitration
Addendum to the Second Partial Final Award
Hong Kong International Arbitration Centre
- Decision summary
- The Tribunal resolved the issue remitted by the Court in favor of the G Parties.
Supporting details
3 participantsCNG
G (1st Respondent)
G (2nd Respondent)
Hong Kong International Arbitration Centre
3 months and 5 days later · 97 days
- 30 August 2024Arbitration
30 August 2024Arbitration
Fourth Partial Final Award
Hong Kong International Arbitration Centre
- Decision summary
- The Tribunal dismissed the G Parties' SXEW Plant Claim but found that CNG was in breach of the shareholders' agreement by failing to develop Phase II of the Project.
Supporting details
3 participantsCNG
G (1st Respondent)
G (2nd Respondent)
Hong Kong International Arbitration Centre
18 days later · 18 days
- 17 September 2024British Virgin Islands
17 September 2024British Virgin Islands
Receivership Order of the BVI Court dated 17 September 2024
BVI Court
- Decision summary
- The BVI Court appointed a receiver over CNG's 65% shareholding in SIL.
10 months and 11 days later · 314 days
- 28 July 2025Hong Kong
28 July 2025Hong Kong
Decision of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region dated 28 July 2025
Court of First Instance of the High Court of the Hong Kong Special Administrative Region
- Decision summary
- The Court dismissed CNG's application for a stay of execution of the orders granting leave to enforce the First Partial Award and the Specific Performance Partial Award.
16 days later · 16 days
- 13 August 2025Hong Kong
13 August 2025Hong Kong
Decision of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region in the cases HCCT 148/2024 and HCCT 149/2024 dated 13 August 2025
Court of First Instance of the High Court of the Hong Kong Special Administrative Region
- Citation
- [2025] HKCFI 3598
- Decision summary
- The Court dismissed CNG's challenge to the Presiding Arbitrator under Article 13(3), holding that the circumstances complained of did not establish justifiable doubts as to the arbitrator's impartiality, and ordered CNG to pay costs with a certificate for two counsel. It also dismissed CNG's application to set aside the Fourth Partial Final Award, with costs on an indemnity basis and a certificate for two counsel.
Supporting details
11 authorities · 12 participantsCNG
- Representative
- Simon Chapman (For: CNG)
- Representative
- Herbert Smith Freehills (For: CNG)
G (1st Respondent)
- Representative
- Victor Dawes (For: G (1st Respondent) · G (2nd Respondent))
- Representative
- Peter de Verneuil Smith (For: G (1st Respondent) · G (2nd Respondent))
- Representative
- William Wong (For: G (1st Respondent) · G (2nd Respondent))
- Representative
- Gibson, Dunn & Crutcher (For: G (1st Respondent) · G (2nd Respondent))
G (2nd Respondent)
- Representative
- Victor Dawes (For: G (1st Respondent) · G (2nd Respondent))
- Representative
- Peter de Verneuil Smith (For: G (1st Respondent) · G (2nd Respondent))
- Representative
- William Wong (For: G (1st Respondent) · G (2nd Respondent))
- Representative
- Gibson, Dunn & Crutcher (For: G (1st Respondent) · G (2nd Respondent))
SIL
- Representative
- Kwok Yih & Chan (For: SIL)
Court of First Instance of the High Court of the Hong Kong Special Administrative Region
- Judge
- Mimmie Chan
- Date not availableArbitration
Date not availableArbitration
Security Order
Hong Kong International Arbitration Centre
- Decision summary
- The Tribunal ordered CNG to pay US$100 million as security for the Extensive Exploration Claim and to produce a costs schedule within six weeks.
Supporting details
4 participantsCNG
G (1st Respondent)
G (2nd Respondent)
Hong Kong International Arbitration Centre
- Institutional administrator
- Hong Kong International Arbitration Centre