Arbitral Digest

Matter

LandOcean Hong Kong Investment Holding Group Ltd and New JCM Group Co., Ltd v West Indies Exploration Company Ltd and Star Phoenix Group Ltd

Arbitration over diverted oil-sale payments and a share purchase agreement, with Australian enforcement proceedings and related Trinidad and Tobago litigation.

  • International commercial arbitration
  • Recognition and enforcement of arbitral awards
  • Public policy
  • Parallel proceedings
  • New York Convention
  • UNCITRAL Model Law
  • Energy arbitration

Procedural record

  1. 16 October 2024Arbitration

    16 October 2024Arbitration

    Final Arbitral Award

    Decision summary
    The tribunal declared West Indies Exploration Company Ltd and Star Phoenix Group Ltd jointly and severally liable to LandOcean Hong Kong Investment Holding Group Ltd and New JCM Group Co., Ltd for TTD4,924,951 under the 2020 Payments Counterclaim, together with interest and arbitration and legal costs.

    Participants

    LandOcean Hong Kong Investment Holding Group Ltd
    New JCM Group Co., Ltd
    West Indies Exploration Company Ltd
    Star Phoenix Group Ltd

    2 years and 6 days later · 736 days

  2. 22 October 2026Australia

    22 October 2026Australia

    Judgment of the Federal Court of Australia in the case NSD 1370 of 2026 dated 22 October 2026

    Federal Court of Australia

    Case no.
    NSD 1370 of 2026
    Citation
    [2026] FCA 1574
    Decision summary
    The court dismissed the respondents' interlocutory application to set aside orders enforcing the foreign arbitral award and ordered the respondents to pay the applicants' costs. It held that the public policy objection based on alleged double recovery was premature and could not reopen matters determined in the arbitration.

    Participants

    LandOcean Hong Kong Investment Holding Group Ltd
    Representative
    R D Turnbull (For: LandOcean Hong Kong Investment Holding Group Ltd · New JCM Group Co., Ltd)
    Representative
    Clayton Utz (For: LandOcean Hong Kong Investment Holding Group Ltd · New JCM Group Co., Ltd)
    New JCM Group Co., Ltd
    Representative
    R D Turnbull (For: LandOcean Hong Kong Investment Holding Group Ltd · New JCM Group Co., Ltd)
    Representative
    Clayton Utz (For: LandOcean Hong Kong Investment Holding Group Ltd · New JCM Group Co., Ltd)
    West Indies Exploration Company Ltd
    Representative
    Dr M Luo (For: West Indies Exploration Company Ltd · Star Phoenix Group Ltd)
    Star Phoenix Group Ltd
    Representative
    Dr M Luo (For: West Indies Exploration Company Ltd · Star Phoenix Group Ltd)
    Federal Court of Australia
    Judge
    Stewart J

    Authorities cited

    8
    • International Arbitration Act 1974 (Cth)
      statute
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 330 UNTS 3 (1958))
      treaty
    • UNCITRAL Model Law on International Commercial Arbitration (1985, amended 2006)
      treaty
    • Hebei Import & Export Corporation v Polytek Engineering Company Ltd [1999] 2 HKC 205
      case-law
    • Hub Street Equipment Pty Ltd v Energy City Qatar Holding Company [2021] FCAFC 110; 290 FCR 298
      case-law
    • LandOcean Hong Kong Investment Holding Group Ltd v West Indies Exploration Company Ltd [2026] FCA 1152
      case-law
    • Savcor Pty Ltd v Cathodic Protection International APS [2005] VSCA 213; 12 VR 639
      case-law
    • TCL Air Conditioner (Zhongshan) Company Ltd v Castel Electronics Pty Ltd [2014] FCAFC 83; 232 FCR 361
      case-law

Matter record

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LandOcean Hong Kong Investment Holding Group Ltd and New JCM Group Co., Ltd v West Indies Exploration Company Ltd and Star Phoenix Group Ltd · Matter