27 Feb 2026
COSIMO BORRELLI AND OTHERS v. HERBERT SMITH FREEHILLS (A FIRM)
- Citation
- [2026] HKCFI 1250
- Court
- Court of First Instance
- Case number
- HCMP408/2025
Recognition and assistance were refused because although a sufficient connection to the BVI existed, the BVI receivership’s purpose—preserving the 65% shareholding pending rectification—had been spent by the Rectification Judgment; the Sanction Order was obtained ex parte without full and frank disclosure and could not validly broaden receivers’ powers; the delivery up claims by SIL fall within the arbitration agreement and must be permanently stayed under s20 Arbitration Ordinance; the Receivers’ delivery up claim was dismissed for lack of standing after refusal of recognition and would in a…