24 Sept 2024
BANK A v. BANK B
- Citation
- [2024] HKCFI 2529
- Court
- Court of First Instance
- Case number
- HCCT16/2024
The arbitration clause in the TSA is valid and covers the disputes; Article 19 Basic Law does not apply because no question of fact concerning an act of state arises; the defendant failed to show strong reasons (futility, public policy or inability to have a fair trial) to refuse enforcement of the arbitration agreement; accordingly final and mandatory injunctions and declaratory relief to restrain the Russian proceedings and their enforcement were granted.