Matter

CSSC Huangpu Wenchong Shipbuilding Co., Ltd v Dry Bulk Services Limited

Applicable rules: London Maritime Arbitration Association Rules

19 December 2016Hong Kong
19 December 2016Hong Kong
Decision of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in the case HCMP 1626/2016 dated 19 December 2016
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Case no.
HCMP 1626/2016
Decision summary
The court granted a worldwide Mareva injunction over Dry Bulk Services Limited's assets in aid of two London arbitrations brought by CSSC Huangpu Wenchong Shipbuilding Co., Ltd under two payment guarantees. The injunction permitted up to HK$25,000 per week for ordinary and proper business expenses and all reasonable legal expenses of the arbitrations; the court declined fortification of the plaintiff's cross-undertaking and ordered costs nisi to the plaintiff.
Supporting details
15 authorities · 13 participants
Application
Worldwide Mareva injunction in aid of London arbitrations — Granted
Application
Fortification of the plaintiff's cross-undertaking — Refused
CSSC Huangpu Wenchong Shipbuilding Co., Ltd
Representative
Lai Meiping (For: CSSC Huangpu Wenchong Shipbuilding Co., Ltd)
Representative
Frances Lok (For: CSSC Huangpu Wenchong Shipbuilding Co., Ltd)
Representative
Ince & Co (For: CSSC Huangpu Wenchong Shipbuilding Co., Ltd)
Dry Bulk Services Limited
Representative
Jose-Antonio Maurellet (For: Dry Bulk Services Limited)
Representative
Alexander Tang (For: Dry Bulk Services Limited)
Representative
Holman Fenwick Willan (For: Dry Bulk Services Limited)
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Judge
Nicholas Cooney SC
Judge
Au-Yeung
Other
Witness
Vikrant S Bhatia
Arbitrator
Simon Gault
Arbitrator
Bernard Eder
Authorities cited
15
- Arbitration Ordinance (Cap 609)
  statute
- High Court Ordinance (Cap 4)
  statute
- Rules of the High Court (Cap 4A)
  statute
- Top Gains Minerals Macao Commercial Offshore Limited v TL Resources Pte Ltd (unreported, HCMP 1622/2015, 18 November 2015)
  case law
- Akai Holdings Ltd (in compulsory liquidation) & ors v Ho Wing On, Christopher & ors (unreported, HCCL 37/2005, 9 February 2009)
  case law
- Marubeni Hong Kong and South China Limited v The Mongolian Government ([2005] 1 WLR 2497)
  case law
- Classic Maritime Inc v Lion Diversified Holdings Bhd & anor ([2010] 1 CLC 445)
  case law
- Re Chau Cham Wong Patrick (a bankrupt) ([2016] 2 HKLRD 278)
  case law
- Ninemia Maritime Corporation v Trave Schiffahrtsgesellschaft m.b.H UND CO KG ([1983] 1 WLR 1412)
  case law
- Great Wall Pan Asia International Investment Company Limited v Cervera Holdings Limited & anor (unreported, HCCT 13/2016, 1 June 2016)
  case law
- TTMI Ltd of England v ASM Shipping Ltd of India ([2006] 1 Lloyd's Rep 401)
  case law
- Chitel v Robart ([1982] 3 OR (2d) 513)
  case law
- English Arbitration Act 1996
  statute
- Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and Commercial Matters by the Courts of the Mainland and the Hong Kong Special Administrative Region Pursuant to Choice of Court Agreements between Parties Concerned
  statute
- Felix Tschudi v Million Miles Global Limited (unreported, HCA 318/2013, 12 February 2014)
  case law
Direct judgment

CSSC Huangpu Wenchong Shipbuilding Co., Ltd

Dry Bulk Services Limited

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

Other