13 Jun 2011
SHANDONG HONGRI ACRON CHEMICAL JOINT STOCK CO LTD v. PETROCHINA INTERNATIONAL (HONG KONG) CORPORATION LTD
- Citation
- SHANDONG HONGRI ACRON CHEMICAL JOINT STOCK CO LTD v. PETROCHINA INTERNATIONAL (HONG KONG) CORPORATION LTD
- Court
- Court of Appeal
- Case number
- CACV31/2011
Although the Court of Appeal has jurisdiction to order security for costs on appeal, the court will decline to exercise that discretion against an award creditor enforcing a foreign/Mainland arbitral award where the enforcement context and Convention-related policy considerations constitute a countervailing factor; accordingly, security for costs was refused in this appeal and the application dismissed.