Arbitral Digest

Matter

Halimeda International Ltd v Maple Ridge Limited (LCIA Arbitration No. 204884)

Case no.
204884
Applicable rules
LCIA Arbitration Rules 2014
  1. 6 February 2023Arbitration

    6 February 2023Arbitration

    Partial Arbitral Award dated 6 February 2023

    London Court of International Arbitration

    Decision summary
    The tribunal determined that Halimeda International Ltd was the assignee of the relevant loans and could pursue the arbitration against Maple Ridge Limited.

    Supporting details

    3 participants
    Halimeda International Ltd
    Maple Ridge Limited
    Far East Capital Limited S.A.
    London Court of International Arbitration

    1 year, 5 months and 9 days later · 525 days

  2. 15 July 2024Arbitration

    15 July 2024Arbitration

    Procedural Ruling dated 15 July 2024

    London Court of International Arbitration

    Decision summary
    The tribunal refused Maple Ridge Limited's request to adjourn the October-November 2024 hearing pending documents sought in related UMC proceedings.

    Supporting details

    2 participants
    Halimeda International Ltd
    Maple Ridge Limited
    London Court of International Arbitration

    3 months and 18 days later · 110 days

  3. 2 November 2024Arbitration

    2 November 2024Arbitration

    Partial Final Award dated 2 November 2024, as amended by Memorandum dated 3 December 2024

    London Court of International Arbitration

    Decision summary
    The tribunal determined the debt owed by Maple Ridge Limited to Halimeda International Ltd; the 3 December 2024 memorandum formed part of the award.

    Supporting details

    2 participants
    Halimeda International Ltd
    Maple Ridge Limited
    London Court of International Arbitration

    4 months and 1 day later · 121 days

  4. 3 March 2025Arbitration

    3 March 2025Arbitration

    Final Award on Costs dated 3 March 2025, as amended by Memorandum dated 27 March 2025

    London Court of International Arbitration

    Decision summary
    The tribunal awarded and determined costs in favor of Halimeda International Ltd and against Maple Ridge Limited; the award was amended by the 27 March 2025 memorandum.

    Supporting details

    2 participants
    Halimeda International Ltd
    Maple Ridge Limited
    London Court of International Arbitration

    1 year, 3 months and 9 days later · 466 days

  5. 12 June 2026Cyprus

    12 June 2026Cyprus

    Decision of the Limassol District Court in the case 2/2025 dated 12 June 2026

    Limassol District Court

    Case no.
    2/2025
    Decision summary
    The Limassol District Court ordered recognition, registration, and enforcement of the Partial Final Award dated 2 November 2024, as amended by the 3 December 2024 memorandum. It rejected the objections and refused a stay based on the UMC proceedings.

    Supporting details

    7 authorities · 6 participants
    Halimeda International Ltd
    Representative
    St. Pavlou (For: Halimeda International Ltd)
    Representative
    K. Filippidou (For: Halimeda International Ltd)
    Maple Ridge Limited
    Representative
    A. Lytras (For: Maple Ridge Limited)
    Limassol District Court

    Authorities cited

    7
    • Cyprus International Commercial Arbitration Law 1987 (Law 101/1987)
      statute
    • Cyprus Foreign Court Judgments (Recognition, Registration and Enforcement under Convention) Law 2000 (Law 121(I)/2000)
      statute
    • Cyprus law ratifying the New York Convention (Law 84/1979)
      statute
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) 1958 (New York, 10 June 1958)
      treaty
    • Cyprus Civil Procedure Rules 2023 (Civil Procedure Rules 2023)
      rules
    • Constitution of the Republic of Cyprus (Article 30)
      constitution
    • European Convention on Human Rights (Article 6)
      treaty
  6. 12 June 2026Cyprus

    12 June 2026Cyprus

    Decision of the Limassol District Court in the case 3/2025 dated 12 June 2026

    Limassol District Court

    Case no.
    3/2025
    Decision summary
    The Limassol District Court ordered recognition, registration, and enforcement of the Final Award on Costs dated 3 March 2025, as amended by the 27 March 2025 memorandum. It rejected the objections and refused a stay, and awarded costs of €12,000 plus VAT to Halimeda International Ltd against Maple Ridge Limited.

    Supporting details

    7 authorities · 6 participants
    Halimeda International Ltd
    Representative
    St. Pavlou (For: Halimeda International Ltd)
    Representative
    K. Filippidou (For: Halimeda International Ltd)
    Maple Ridge Limited
    Representative
    A. Lytras (For: Maple Ridge Limited)
    Limassol District Court

    Authorities cited

    7
    • Cyprus International Commercial Arbitration Law 1987 (Law 101/1987)
      statute
    • Cyprus Foreign Court Judgments (Recognition, Registration and Enforcement under Convention) Law 2000 (Law 121(I)/2000)
      statute
    • Cyprus law ratifying the New York Convention (Law 84/1979)
      statute
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) 1958 (New York, 10 June 1958)
      treaty
    • Cyprus Civil Procedure Rules 2023 (Civil Procedure Rules 2023)
      rules
    • Constitution of the Republic of Cyprus (Article 30)
      constitution
    • European Convention on Human Rights (Article 6)
      treaty

Matter record

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Halimeda International Ltd v Maple Ridge Limited (LCIA Arbitration No. 204884) · Matter