Matter
HYALROUTE COMMUNICATION GROUP LIMITED v INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED (Hong Kong Court of Appeal CACV 600/2025)
- 1 August 2025Hong Kong
1 August 2025Hong Kong
Decision of the High Court of Hong Kong in the case HCCT 155/2024 dated 1 August 2025
High Court of Hong Kong
- Decision summary
- The Recorder dismissed Hyalroute's Originating Summons for an interim anti-suit injunction and awarded costs to Industrial and Commercial Bank of China (Asia). He held that the Cayman Islands winding-up proceedings would not finally resolve the dispute within the meaning of the arbitration agreement and therefore did not breach it, and also held that Hyalroute's underlying defence was hopeless and frivolous.
Supporting details
3 participantsHYALROUTE COMMUNICATION GROUP LIMITED
INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED
High Court of Hong Kong
- Judge
- William Wong SC
17 days later · 17 days
- 18 August 2025Hong Kong
18 August 2025Hong Kong
Decision of the High Court of Hong Kong dated 18 August 2025
High Court of Hong Kong
- Decision summary
- The Recorder dismissed Hyalroute's application to extend Industrial and Commercial Bank of China (Asia)'s undertaking not to present a Cayman Islands winding-up petition until determination of the Originating Summons and/or for an interim anti-suit injunction pending appeal. After Hyalroute undertook to pursue the appeal urgently, he granted a case management stay pending determination of the renewed application or further order.
Supporting details
3 participantsHYALROUTE COMMUNICATION GROUP LIMITED
INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED
High Court of Hong Kong
- Judge
- William Wong SC
2 months and 3 days later · 64 days
- 21 October 2025Hong Kong
21 October 2025Hong Kong
Decision of the Court of Appeal of the High Court of the Hong Kong Special Administrative Region in the case CACV 600/2025 dated 21 October 2025
Court of Appeal of the High Court of the Hong Kong Special Administrative Region
- Citation
- [2025] HKCA 936
- Decision summary
- The Court of Appeal dismissed Hyalroute's renewed application for an interim anti-suit injunction pending determination of its appeal, with costs to Industrial and Commercial Bank of China (Asia). The Court considered the challenge to the construction of the arbitration agreement reasonably arguable, but held that the challenge to the finding that Hyalroute's underlying debt defence was hopeless and frivolous was not reasonably arguable; the application therefore failed at the first hurdle.
Supporting details
7 authorities · 11 participants- Application
- Renewed application for an interim anti-suit injunction pending appeal — Dismissed with costs
HYALROUTE COMMUNICATION GROUP LIMITED
- Representative
- Jose Maurellet SC (For: HYALROUTE COMMUNICATION GROUP LIMITED)
- Representative
- Catrina Lam SC (For: HYALROUTE COMMUNICATION GROUP LIMITED)
- Representative
- Han Sheng Lim (For: HYALROUTE COMMUNICATION GROUP LIMITED)
- Representative
- Haiwen & Partners LLP (For: HYALROUTE COMMUNICATION GROUP LIMITED)
INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED
- Representative
- Laurence Li SC (For: INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED)
- Representative
- Sik Chee Ching (For: INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED)
- Representative
- DLA Piper Hong Kong (For: INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED)
Court of Appeal of the High Court of the Hong Kong Special Administrative Region
- Judge
- Carlye Chu
- Judge
- Anthony Chan