Hong Kong Court Sets Aside Order To Confirm $9.3M Arbitral Award

(August 24, 2020, 10:31 AM EDT) -- HONG KONG — Citing a "material non-disclosure" by counsel for the applicants, a Hong Kong appellate court on June 3 set aside an ex parte enforcement order for a $9.3 million arbitral award issued in favor of two U.S.-based investment funds; the court wrote that the funds impermissibly made "a deliberate attempt to hide relevant material" from the lower court to more quickly obtain garnishee orders (1955 Capital Fund I GP LLC, et al. v. Global Industrial Investment Limited, No. [2020] HKCFI 956, HCCT 61/2019, Hong Kong 1st Instance)....

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