Matter
Global Mining Development L.P. and Gerald Metals LLC v China National Gold Group Hong Kong Limited
- 8 February 2023Arbitration
8 February 2023Arbitration
First Partial Award dated 8 February 2023
Supporting details
3 participantsGlobal Mining Development L.P.
Gerald Metals LLC
China National Gold Group Hong Kong Limited
1 month and 23 days later · 51 days
- 31 March 2023Arbitration
31 March 2023Arbitration
Tribunal order dated 31 March 2023
- Decision summary
- The tribunal ordered China National Gold Group Hong Kong Limited to transfer its 65% shareholding in Soremi Investments Ltd to Global Mining Development L.P.
Supporting details
2 participantsGlobal Mining Development L.P.
China National Gold Group Hong Kong Limited
4 months and 30 days later · 152 days
- 30 August 2023Hong Kong
30 August 2023Hong Kong
Judgment in CNG v G dated 30 August 2023
High Court of Hong Kong
- Citation
- [2024] HKCFI 575
- Decision summary
- The High Court of Hong Kong dismissed China National Gold Group Hong Kong Limited's application to set aside the British Virgin Islands Court order enforcing the First Partial Award.
1 year and 18 days later · 384 days
- 17 September 2024British Virgin Islands
17 September 2024British Virgin Islands
Order of the British Virgin Islands Court dated 17 September 2024
British Virgin Islands Court
- Decision summary
- The British Virgin Islands Court appointed Cosimo Borrelli and Colin Wilson as interim receivers over the 65% shares pending resolution of the rectification application.
9 months and 29 days later · 302 days
- 16 July 2025British Virgin Islands
16 July 2025British Virgin Islands
Judgment of the British Virgin Islands Court dated 16 July 2025
British Virgin Islands Court
- Decision summary
- The British Virgin Islands Court rectified the Register of Members of Soremi Investments Ltd to confirm that the 65% shares are held legally and beneficially by Global Mining Development L.P.
2 months and 10 days later · 72 days
- 26 September 2025Hong Kong
26 September 2025Hong Kong
Decision of the High Court of Hong Kong in the case HCA 797/2025 dated 26 September 2025
High Court of Hong Kong
- Citation
- [2025] HKCFI 4514
- Decision summary
- The High Court of Hong Kong dismissed China National Gold Group Hong Kong Limited's application for a permanent stay of Soremi Investments Ltd's action in favour of arbitration. The court held that the claims concerning alleged misappropriation of Soremi Investments Ltd's assets fell outside the arbitration agreement in the shareholders' agreement and ordered the applicant to pay the application costs, subject to an order nisi.
Supporting details
12 authorities · 9 participants- Application
- China National Gold Group Hong Kong Limited's application for a permanent stay in favour of arbitration — Dismissed
Soremi Investments Ltd
- Representative
- Charles Manzoni SC (For: Soremi Investments Ltd)
- Representative
- Karas So LLP (For: Soremi Investments Ltd)
- Representative
- Jason Karas (For: Soremi Investments Ltd)
China National Gold Group Hong Kong Limited
- Representative
- Simon Chapman (For: China National Gold Group Hong Kong Limited · China National Gold Group Co., Ltd.)
- Representative
- Herbert Smith Freehills Kramer (For: China National Gold Group Hong Kong Limited · China National Gold Group Co., Ltd.)
China National Gold Group Co., Ltd.
- Representative
- Simon Chapman (For: China National Gold Group Hong Kong Limited · China National Gold Group Co., Ltd.)
- Representative
- Herbert Smith Freehills Kramer (For: China National Gold Group Hong Kong Limited · China National Gold Group Co., Ltd.)
High Court of Hong Kong
- Judge
- Eugene Fung
- Date not availableBritish Virgin Islands
Date not availableBritish Virgin Islands
Order of the British Virgin Islands Court enforcing the First Partial Award
British Virgin Islands Court
- Decision summary
- The British Virgin Islands Court made an order enforcing the First Partial Award in the share-ownership dispute between the Gerald Parties and China National Gold Group Hong Kong Limited.