9 Jun 2003
KARAHA BODAS CO L.L.C. v. PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA
- Citation
- KARAHA BODAS CO L.L.C. v. PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA
- Court
- Court of First Instance
- Case number
- HCCT28/2002
A stay of enforcement was granted only on condition that the defendant pay US$54,000,000 into court by 5:00 p.m. on 24 June 2003 (equivalent to 20% of the award), the amount being fixed by balancing the value and uncertainty of Hong Kong assets, the value of the award, the defendant's financial strength and the arguability of the appeal.