Arbitral Digest

Matter

Crete Maritime Corporation v Emirates Shipping Line DMCEST

  1. 28 April 2017Hong Kong

    28 April 2017Hong Kong

    Mareva injunction in HCMP 1010/2017 dated 28 April 2017

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

    Case no.
    HCMP 1010/2017
    Decision summary
    The court granted an ex parte Mareva injunction in aid of the London arbitration, restraining Emirates Shipping Line DMCEST from dealing with assets in Hong Kong up to US$454,093.06.

    Supporting details

    2 participants
    Crete Maritime Corporation
    Emirates Shipping Line DMCEST
    Court of First Instance of the High Court of the Hong Kong Special Administrative Region

    4 months and 24 days later · 146 days

  2. 21 September 2017Hong Kong

    21 September 2017Hong Kong

    Decision of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region in the case HCMP 1010/2017 dated 21 September 2017

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

    Case no.
    HCMP 1010/2017
    Decision summary
    The court discharged the Mareva injunction and refused to continue it because Crete had not established a real risk that Emirates Shipping would dissipate assets to defeat an arbitral award. It dismissed the Originating Summons and awarded costs to Emirates Shipping, to be taxed if not agreed.

    Supporting details

    12 authorities · 7 participants
    Crete Maritime Corporation
    Representative
    Toby Brown (For: Crete Maritime Corporation)
    Representative
    Ince & Co (For: Crete Maritime Corporation)
    Emirates Shipping Line DMCEST
    Representative
    Christopher Chain (For: Emirates Shipping Line DMCEST)
    Representative
    Howse Williams Bowers (For: Emirates Shipping Line DMCEST)
    Court of First Instance of the High Court of the Hong Kong Special Administrative Region

    Authorities cited

    12
    • Hong Kong Arbitration Ordinance (Cap. 609) (Arbitration Ordinance (Cap. 609))
      statute
    • Hong Kong High Court Ordinance (Cap. 4) (High Court Ordinance (Cap. 4))
      statute
    • New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958
      treaty
    • CSSC Huangpu Wenchong Shipbuilding Co Ltd v Dry Bulk Services Ltd (HCMP 1626/2016, 2 December 2016)
      case
    • Eastman Chemical Ltd v Heyro Chemical Co Ltd (No 2) ([2012] 3 HKLRD 307)
      case
    • Grandview Industries Co Ltd v Leung Yiu Kei (HCA 1617/2011, 10 September 2012)
      case
    • Arrow ECS Norway AS v Xin Cheng Holdings (International) Co Ltd (HCA 239/2016, 12 May 2016)
      case
    • TTMI Ltd of England v ASM Shipping Ltd of India ([2006] 1 Lloyd's Rep 401)
      case
    • Mobil Cerro Negro Ltd v Petroleos De Venezuela SA ([2008] 1 Lloyd's Rep 684)
      case
    • IOT Engineering Projects Ltd v Dangote Fertilizer Ltd ([2014] EWCA Civ 1348, 16 October 2014)
      case
    • Honsaico Trading Ltd v Hong Yiah Seng Co Ltd ([1990] 1 HKLR 235)
      case
    • Pacific Concepts (HK) Ltd v Michel Brennion (HCA 2672/2008, 13 March 2009)
      case

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Crete Maritime Corporation v Emirates Shipping Line DMCEST · Matter