Hong Kong – Commercial Litigation Updates – August 2021.

1 September 2021

 

This marks the first issue of Stephenson Harwood's commercial litigation newsletter.

 

With these newsletters, we hope to give you updates on interesting cases and news on various areas of commercial litigation.

 

This marks the first issue of Stephenson Harwood's Commercial Litigation Newsletter. By our newsletter we hope to give you updates on interesting cases and news on various areas of commercial litigation. Before that, let's first introduce our practice and our team.

 

The Stephenson Harwood commercial litigation team have extensive experience in wide areas of commercial disputes, including but not limited to:

 

• Banking and finance disputes: We have wide experience in acting for banks and other financial institutions in all types of disputes affecting this area of business activity.
• Company disputes: We regularly advise PRC and overseas clients on various company related disputes including shareholders disputes, director duties, contractual matters, etc.
• Employment disputes: We regularly act for employers and employees where disputes have arisen in relation to employment contracts or from dismissal or redundancy.
• Fraud and asset tracing: We have extensive experience of investigating international frauds and of using the courts in Hong Kong, mainland China and abroad to attach and recover proceeds.
• Arbitration: Many commercial contracts provide for disputes to be resolved not in the courts but by a specialist arbitration panel. Where consideration is being given to the inclusion of such clauses in commercial contracts early expert advice is vital, as tactical considerations of arbitration venue, choice of arbitrator and choice of arbitration rules are of great importance. We have substantial experience representing and advising clients in relation to arbitrations in Hong Kong, mainland China and elsewhere.
• Wealth disputes: In the unfortunate event that disputes arise, we can act on behalf of our clients in multi-jurisdictional disputes that involve estates, trusts, families and family business arrangements, fiduciary duties, properties, shareholdings, business partnerships, joint ventures and conflicts between investors. Increasingly we advise in relation to mental capacity and undue influence issues in disputes.

 

Some of our representative cases included:

 

• Estate of Nina Wang: Acting for the administrators of the Estate of Nina Wang, Asia’s richest woman in the dispute over entitlement to her estate (reported to be worth in excess of US$10 billion).
• Over 2,000 employees and minority shareholders of China Shanshui Investment Company Limited (“CSI”): Advising over 2,000 employees and minority shareholders of CSI on the complex dispute relating to the shares in CSI valued over HKD5,000 million and the power struggle in China Shanshui Cement Group Limited, a company listed in the Hong Kong Stock Exchanges.
• Television Broadcasts Limited (“TVB”): Acted for TVB in its application for an urgent injunction to restrain persons from unlawfully and wilfully damaging its properties and injuring its employees.
• China Tailong Green Power Group Limited (“China Tailong”): Acting for China Tailong and other shareholders in their dispute with Zhaoheng Hydropower (Hong Kong) Limited and others, involving a claim amount of over RMB 3,684 million.
• Société Générale: Acting for the bank in respect of massive cross border, sophisticated and long running trade credit fraud against over 10 defendants.
• Financial institution: Acting for a financial institution to resist a claim for the return of a sum of over HKD150 million on the basis of an injunction imposed by the Taiwanese Court.
• Rabobank: Acted for the bank in respect of a letter of credit dispute and in enforcement of various securities. 

 

Click here to read more. (Pdf 10 Pages)