2 Aug 2022
BAOSTEEL ENGINEERING & TECHNOLOGY GROUP CO LTD v. CHINA ZENITH CHEMICAL GROUP LTD
- Citation
- [2022] HKCFI 2343
- Court
- Court of First Instance
- Case number
- HCCT7/2018
The stay application was dismissed because the matters relied upon by the Defendant either pre-dated the Allocatur or concerned claims by a separate third party (HH) under a different contract and therefore did not undermine the validity of the judgment to be stayed; no special circumstances or sufficient identity of interest existed to justify staying enforcement; the VAT/tax claim is HH's and unproven and expert PRC evidence was late and inadequate; the Award remains enforceable unless set aside and there was no evidence of dissipation or inability to repay.