9 Oct 2025
U. K. PROLIFIC PETROLEUM GROUP COMPANY LTD v. 鑫都集團有限公司
- Citation
- [2025] HKCFI 4769
- Court
- Court of First Instance
- Case number
- HCMP546/2024
The Court held it has jurisdiction under HCO s.55C and RHC O.50 rr.11-15 to accept and grant stop notices/orders in the present circumstances including where substantive proceedings are in foreign arbitration; Xindu has raised serious issues to be tried on whether the 2015 Memorandum binds UKPPGC, limitation, duress and proprietary entitlement and accordingly the Stop Notice should not be discharged; a stop order is granted but limited in scope to 372,000,000 issued shares and convertible bonds with principal amount HK$103,928,000, with leave to amend the stop notice and stop order pleadings…