19 Sept 2024
SEATRANS SOLUTION PTE LTD v. CHINA RAILWAY (HK) TRADING LTD
- Citation
- [2024] HKCFI 2521
- Court
- Court of First Instance
- Case number
- HCCT90/2024
Leave to appeal was refused because the applicant failed to adduce adequate evidence of a real risk of dissipation: the releases did not demonstrate assets being paid away to defeat enforcement, the banks were secured creditors, there was no evidence of other dissipation or inability to satisfy the award locally, and the Arbitral Tribunal had already rejected the false parent company allegation with cogent reasons and there was no material change of circumstances.