Hong Kong Court of First Instance extends indemnity costs principle to actions that delay enforcement of arbitral awards | Practical Law

Hong Kong Court of First Instance extends indemnity costs principle to actions that delay enforcement of arbitral awards | Practical Law

In Peter Cheung & Co v Perfect Direct Ltd and another (HCMP 2943/2012) and New Heaven Investments Ltd and another v Yu Guolin (HCA 115/2013), the Hong Kong Court of First Instance (CFI) considered whether to grant indemnity costs where there had been delay in the enforcement of an arbitral award.

Hong Kong Court of First Instance extends indemnity costs principle to actions that delay enforcement of arbitral awards

by May Tai (Partner), Simon Chapman (Partner) and Briana Young (Professional Support Consultant), Herbert Smith Freehills
Published on 05 Sep 2016 • Hong Kong - PRC
In Peter Cheung & Co v Perfect Direct Ltd and another (HCMP 2943/2012) and New Heaven Investments Ltd and another v Yu Guolin (HCA 115/2013), the Hong Kong Court of First Instance (CFI) considered whether to grant indemnity costs where there had been delay in the enforcement of an arbitral award.