Read the full judgment text of HCMP 172/2022 on BabelCite. This High Court CFI judgment was delivered on 4 January 2023.
1. On 24 June 2022, this Court granted leave to the Applicant (“ COG ”) to enforce an arbitral award dated 11 November 2021 issued by CIETAC (“ Award ”) made in an arbitration between COG and the Respondent (“ ES ”) (“ Arbitration ”). Under the Award, ES was ordered to pay to COG US$21,072,360.54 (“ Principal Sum ”), liquidated damages of 3.85% per annum on the Principal Sum from 27 May 2016 until the date of payment, legal fees of RMB 300,000 and an arbitration fee of RMB 1,118,705.60.
Cited by 3 cases