Matter
Hua She Asset Management (Shanghai) Company Limited v Beijing Yaolai Investment Company Limited and Kei Kin Hung (High Court of Hong Kong HCCT 16/2021)
- 26 October 2020Arbitration
26 October 2020Arbitration
Arbitral award of the Shanghai International Economic and Trade Commission dated 26 October 2020
Shanghai International Economic and Trade Commission
- Decision summary
- The award ordered Beijing Yaolai Investment Company Limited and Kei Kin Hung to pay Hua She Asset Management (Shanghai) Company Limited RMB 158,675,747.25, with liquidated damages at 0.05% of RMB 134,537,063.24 per day from 17 April 2020 until payment.
Supporting details
3 participantsHua She Asset Management (Shanghai) Company Limited
Beijing Yaolai Investment Company Limited
Kei Kin Hung
Shanghai International Economic and Trade Commission
14 days later · 14 days
- 9 November 2020British Virgin Islands
9 November 2020British Virgin Islands
Order of the Eastern Caribbean Supreme Court of the British Virgin Islands dated 9 November 2020
Eastern Caribbean Supreme Court of the British Virgin Islands
- Decision summary
- The Eastern Caribbean Supreme Court of the British Virgin Islands granted Hua She liberty to register and enforce the award as a judgment or order and granted a worldwide Mareva injunction against Kei Kin Hung and Sparkle Roll Holdings Ltd with disclosure obligations against Sparkle Roll Holdings Ltd.
Supporting details
3 participantsHua She Asset Management (Shanghai) Company Limited
Kei Kin Hung
Sparkle Roll Holdings Ltd
Eastern Caribbean Supreme Court of the British Virgin Islands
2 months and 16 days later · 77 days
- 25 January 2021British Virgin Islands
25 January 2021British Virgin Islands
Variation order of the Eastern Caribbean Supreme Court of the British Virgin Islands dated 25 January 2021
Eastern Caribbean Supreme Court of the British Virgin Islands
- Decision summary
- The Eastern Caribbean Supreme Court of the British Virgin Islands varied the enforcement order to require Kei Kin Hung to disclose his personal assets.
Supporting details
3 participantsHua She Asset Management (Shanghai) Company Limited
Kei Kin Hung
Sparkle Roll Holdings Ltd
Eastern Caribbean Supreme Court of the British Virgin Islands
23 days later · 23 days
- 17 February 2021Hong Kong
17 February 2021Hong Kong
Mareva injunction order of the High Court of Hong Kong dated 17 February 2021
High Court of Hong Kong
- Decision summary
- The High Court of Hong Kong granted Hua She a Mareva injunction order against Kei Kin Hung.
Supporting details
3 participantsHua She Asset Management (Shanghai) Company Limited
Kei Kin Hung
High Court of Hong Kong
1 month and 14 days later · 42 days
- 31 March 2021Hong Kong
31 March 2021Hong Kong
Enforcement order of the High Court of Hong Kong dated 31 March 2021
High Court of Hong Kong
- Decision summary
- The High Court of Hong Kong granted Hua She an order enforcing the award in Hong Kong against Kei Kin Hung.
Supporting details
3 participants29 days later · 29 days
- 29 April 2021Hong Kong
29 April 2021Hong Kong
Substituted service order of the High Court of Hong Kong dated 29 April 2021
High Court of Hong Kong
- Decision summary
- The High Court of Hong Kong granted a substituted service order for service of the Mareva injunction, as re-amended, and the enforcement order on Kei Kin Hung.
Supporting details
3 participantsHua She Asset Management (Shanghai) Company Limited
Kei Kin Hung
High Court of Hong Kong
- Judge
- Master Lai
15 days later · 15 days
- 14 May 2021Hong Kong
14 May 2021Hong Kong
Order of the High Court of Hong Kong dated 14 May 2021
High Court of Hong Kong
- Decision summary
- The High Court of Hong Kong continued the Mareva injunction, as re-amended, until the award debt was fully satisfied.
Supporting details
3 participants2 months and 2 days later · 63 days
- 16 July 2021United Kingdom
16 July 2021United Kingdom
Judgment of the High Court of Justice of England and Wales, Commercial Court, dated 16 July 2021
High Court of Justice of England and Wales, Commercial Court
- Decision summary
- The High Court of Justice of England and Wales gave judgment against Kei Kin Hung in the terms of the award and granted a domestic freezing injunction against his assets.
Supporting details
2 participantsHua She Asset Management (Shanghai) Company Limited
Kei Kin Hung
High Court of Justice of England and Wales, Commercial Court
5 months and 11 days later · 164 days
- 27 December 2021China
27 December 2021China
Decision of the Shanghai Second Intermediate Court dated 27 December 2021
Shanghai Second Intermediate Court
- Decision summary
- The Shanghai Second Intermediate Court dismissed Kei Kin Hung's application to set aside the award.
Supporting details
2 participantsHua She Asset Management (Shanghai) Company Limited
Kei Kin Hung
Shanghai Second Intermediate Court
2 months and 26 days later · 88 days
- 25 March 2022United Kingdom
25 March 2022United Kingdom
Judgment of the High Court of Justice of England and Wales, Commercial Court, dated 25 March 2022
High Court of Justice of England and Wales, Commercial Court
- Decision summary
- The High Court of Justice of England and Wales dismissed Kei Kin Hung's application to set aside the domestic freezing injunction.
Supporting details
2 participantsHua She Asset Management (Shanghai) Company Limited
Kei Kin Hung
High Court of Justice of England and Wales, Commercial Court
4 months and 21 days later · 143 days
- 15 August 2022Hong Kong
15 August 2022Hong Kong
Decision of the High Court of Hong Kong in the case HCCT 16/2021 dated 15 August 2022
High Court of Hong Kong
- Citation
- [2022] HKCFI 2549
- Decision summary
- The High Court of Hong Kong granted Hua She's application requiring Kei Kin Hung to provide security as a condition of proceeding with his out-of-time application to set aside the enforcement order. It allowed 21 days for payment, reduced security for costs to HK$1,000,000, and ordered security of RMB 100 million for the award debt; the application costs were to be summarily assessed.
Supporting details
7 authorities · 8 participantsHua She Asset Management (Shanghai) Company Limited
- Representative
- Payne (For: Hua She Asset Management (Shanghai) Company Limited)
- Representative
- Georgiou Payne Stewien LLP (For: Hua She Asset Management (Shanghai) Company Limited)
Beijing Yaolai Investment Company Limited
Kei Kin Hung
- Representative
- Adrian Kwan (For: Kei Kin Hung)
- Representative
- Huen & Partners (For: Kei Kin Hung)
High Court of Hong Kong
- Judge
- Anthony Chan