22 Nov 2021
CHINA EUROPE INTERNATIONAL BUSINESS SCHOOL v. CHENGWEI EVERGREEN CAPITAL LP (formerly known as CHENGWEI VENTURES EVERGREEN FUND LP) AND OTHERS
- Citation
- [2021] HKCFI 3513
- Court
- Court of First Instance
- Case number
- HCCW12/2021
The Court held the substance of the disputes in the petition fall within the scope of the broad arbitration clauses in the 2007 Agreements; the Company had a sufficient interest to seek a stay; petitioner failed to discharge the burden to show why arbitration should not be enforced; undertakings from third parties removed prejudice concerns; accordingly the petition was stayed pending determination of the arbitration, with liberty to restore and costs ordered against petitioner.