World regulation agency Clifford Likelihood has secured a profitable consequence for its consumer, Eternity Sky, in a judgment handed down by the Courtroom of Attraction immediately.
The attraction was introduced by a person, Mrs Zhang, who was ordered to pay Eternity Sky HK$ 500 million beneath a Hong Kong arbitration award. Mrs Zhang’s legal responsibility arose from a private assure she had beforehand offered in respect of a HK$ 500 million convertible bond issued by a Hong Kong publicly listed firm, which later defaulted on its obligations.
Mrs Zhang sought to withstand enforcement of the award in England, on the premise that she signed the assure as a client and the assure infringed her rights beneath UK client safety laws. Clifford Likelihood obtained a profitable consequence for Eternity Sky within the Excessive Courtroom final 12 months, which dismissed Mrs Zhang’s utility to put aside the order implementing the award. Mrs Zhang then appealed to the Courtroom of Attraction.
In a unanimous determination, the Courtroom of Attraction dismissed Mrs Zhang’s case on 4 out of 5 attainable grounds. In doing so, it went a step additional than the Excessive Courtroom, by reversing the Excessive Courtroom choose’s discovering that Mrs Zhang was performing as a client.
The Clifford Likelihood crew was led by London Head of Arbitration Marie Berard and Managing Accomplice for Mainland China Lei Shi and supported by senior affiliate Laura Hasson and affiliate Robert Shu. The Clifford Likelihood crew had been assisted by David Lewis KC of Twenty Essex and Gemma Morgan of Quadrant Chambers. As well as, associate Thomas Walsh, guide Tania Tse and associates Haoyang Zhang and Karen Choi acted for Eternity Sky within the Hong Kong arbitration.
www.lawyer-monthly.com – June 11, 2024