Hong Kong Court stays court proceedings in favour of arbitration under escalation clause | Practical Law
In William Lim and another v Hung Ka Hai Clement and others (HCA 1282/2016), the Hong Kong Court of First Instance (CFI) considered whether it had jurisdiction when an action brought before it was subject to an agreement containing an escalation clause, providing for certain steps to be taken, failing which the dispute was to be referred to arbitration.