14 Jun 2012
廈門新景地集團有限公司 v. ETON PROPERTIES LTD AND OTHERS
- Citation
- 廈門新景地集團有限公司 v. ETON PROPERTIES LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCL13/2011
The court dismissed the plaintiff's claims against all 11 defendants. The central holdings were that the Hong Kong court lacked jurisdiction to recharacterise the CIETAC arbitral award by imposing substantive remedies beyond the tribunal's award; the proper law of the Agreement is PRC law (with Hong Kong law only governing share transfer formalities); PRC law has no constructive trust analogue so proprietary remedies fail; the Eton Group restructuring was a bona fide commercial reorganisation not fraudulent; economic tort claims failed (no unlawful means or predominant purpose, and double act…