24 Sept 2024
BANK A v. BANK B
- Citation
- [2024] HKCFI 2529
- Court
- Court of First Instance
- Case number
- HCCT73/2023
The court held the TSA contained a valid and enforceable arbitration agreement covering the disputes; Article 19 Basic Law certificate was not required because no contentious act of state or foreign affairs fact arose for adjudication; there were no strong reasons (futility, public policy, or unfairness) to refuse enforcement of the arbitration clause; the Defendant had acted in egregious breach by commencing and pursuing Russian proceedings and obtaining anti-suit orders; accordingly final anti-suit and ancillary injunctive and declaratory relief were granted and the Defendant's jurisdiction…