Arbitral Digest

Matter

Sinovac Biotech Ltd. et al v Vivo Capital LLC et al (Antigua and Barbuda High Court Claim ANUHCV2025/0200)

  1. 7 July 2025Antigua and Barbuda

    7 July 2025Antigua and Barbuda

    Ruling on interim order of the High Court of Justice of Antigua and Barbuda in Claim ANUHCV2025/0200 dated 7 July 2025

    High Court of Justice of Antigua and Barbuda

    Decision summary
    The Court granted an interim preservative injunction pending determination of the respondents’ jurisdiction challenges. It restrained the respondents from disposing of, dealing with, voting, or requisitioning meetings in reliance on the PIPE shares, and bound each applicant by an undertaking in damages.

    Supporting details

    6 authorities · 17 participants
    Sinovac Biotech Ltd.
    Representative
    Edward Davies KC (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Representative
    Anna Scharnetzky (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Representative
    Craig Jacas (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Orbimed Partners Master Fund Limited
    Representative
    Edward Davies KC (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Representative
    Anna Scharnetzky (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Representative
    Craig Jacas (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    1Globe Capital, LLC
    Representative
    Edward Davies KC (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Representative
    Anna Scharnetzky (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Representative
    Craig Jacas (For: Sinovac Biotech Ltd. · Orbimed Partners Master Fund Limited · 1Globe Capital, LLC)
    Vivo Capital LLC
    Vivo Captial Fund VIII, L.P.
    Representative
    Alexander Cooke KC (For: Vivo Captial Fund VIII, L.P. · Vivo Capital Surplus Fund VIII, L.P. · Vivo Capital Fund IX, L.P.)
    Representative
    David Dorsett (For: Vivo Captial Fund VIII, L.P. · Vivo Capital Surplus Fund VIII, L.P. · Vivo Capital Fund IX, L.P.)
    Vivo Capital Surplus Fund VIII, L.P.
    Representative
    Alexander Cooke KC (For: Vivo Captial Fund VIII, L.P. · Vivo Capital Surplus Fund VIII, L.P. · Vivo Capital Fund IX, L.P.)
    Representative
    David Dorsett (For: Vivo Captial Fund VIII, L.P. · Vivo Capital Surplus Fund VIII, L.P. · Vivo Capital Fund IX, L.P.)
    Vivo Capital Fund IX, L.P.
    Representative
    Alexander Cooke KC (For: Vivo Captial Fund VIII, L.P. · Vivo Capital Surplus Fund VIII, L.P. · Vivo Capital Fund IX, L.P.)
    Representative
    David Dorsett (For: Vivo Captial Fund VIII, L.P. · Vivo Capital Surplus Fund VIII, L.P. · Vivo Capital Fund IX, L.P.)
    Prime Success, L.P.
    Representative
    Stephen Gee KC (For: Prime Success, L.P.)
    Representative
    Stacey Richards (For: Prime Success, L.P.)
    Cede & Co
    High Court of Justice of Antigua and Barbuda

    Authorities cited

    6
    • American Cyanamid v Ethicon (1975) AC 396
      case-law
    • Atlas Holdings v Allied Resources (2017) FCA 923
      case-law
    • Maudore Minerals Ltd v The Harbor Foundation (2012) ONSC 4255
      case-law
    • Catalyst Capital Group Inc. v Brandon Moyse and West Face Capital Inc. CV-14-507120
      case-law
    • Turnbull v National Roads and Motorists’ Association Ltd (2004) 50 ACSR 44
      case-law
    • 1Global Capital LLC v Sinovac Biotech Ltd. (2025) UKPC 3
      case-law

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Sinovac Biotech Ltd. et al v Vivo Capital LLC et al (Antigua and Barbuda High Court Claim ANUHCV2025/0200) · Matter