Herbert Smith Freehills review the Federal Court of Australia’s 2016 decision in WDR Delaware Corporation v Hydrox Holdings Pty Ltd  FCA 1164, where the Federal Court held that a winding up application made in respect of a joint venture company should be stayed and the substantive underlying matters of dispute between the joint venture parties be referred to arbitration pursuant to the joint venture agreement. The authors note that the decision is broadly consistent with the approach taken by English, Hong Kong and Singapore courts in cases such as Fulham Football Club (1987) Ltd v Richards  Ch 333, Re Quicksilver Glorious Sun JV Ltd (2014) 4 HKLRD 759 and Tomolgen Holdings Ltd v Silica Investments Ltd  SFGA 57 (all of which were cited by the Court in this case).
About Phillip Rompotis
Phillip practices as a barrister and arbitrator in Hong Kong. He has over 25 years’ litigation and arbitration experience in commercial disputes relating to construction & engineering, financial services, joint venture & shareholders agreements, technology, trusts, property and landlord & tenant. He is a Fellow of the Chartered Institute of Arbitrators, the Singapore Institute of Arbitrators, the Malaysian Institute of Arbitrators, and a member of various lists/panels of arbitrators.View