Herbert Smith Freehills reviews the Hong Kong High Court’s decision in Baosteel Engineering & Technology Group Co. Ltd. v. China Zenith Chemical Group Ltd. [HCCT 7/2018], where the Court granted a temporary stay of enforcement of an arbitral award and, in order to ensure that the award creditor’s interests were not prejudiced, the operation of the stay was made conditional on the award debtor paying security.
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