Herbert Smith Freehills review the Hong Kong High Court’s decision denying leave to appeal its May 2017 decision in Israel Sorin (IZZY) Shohat v Balram Chainrai [2017] HKEC 1118. In that decision (see HSF’s note in their previous post), Chow J refused to stay execution of the CFI’s order to enforce an arbitral award pending the outcome of the debtors claim against Mr Chainrai. The Court dismissed the Leave and Stay Applications, and granted a payment out application, subject to a 14-day delay to allow for any further application for leave to appeal and interim stay pending appeal.
Hong Kong Court Upholds Refusal To Stay Execution Of Enforcement Order
