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  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.
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 Hong Kong Institute of Arbitrators, the Singapore Institute of Arbitrators, the Malaysian Institute of Arbitrators, and a member of various lists/panels of arbitrators.View