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.
Hong Kong Court “Reluctantly” Issues Temporary Stay Of Enforcement
