PEARL ORIENTAL INNOVATION LIMITED(東方明珠創業有限公司)(formerly known as CHINA MERCHANTS DICHAIN(ASIA) LIMITED)(招商迪辰(亞洲)有限公司) v ORIENT DAY DEVELOPMENTS LIMITED(東日發展有限公司)

Read the full judgment text of CACV 000155/2008 on BabelCite. This Court of Appeal judgment was delivered on 2 October 2008.

1. As the result of an arbitration award by China International Economic and Trade Arbitration Commission South China Sub-Commission (“CIETAC”) on 30 April 2007, DiChain Holdings Limited (DiChain Holdings”) was ordered to pay to China Minsheng Banking Corp. Ltd (Shenzhen Branch) (“the Bank”) the sum of RMB18,619,830.41 or its equivalent in Hong Kong dollars, namely, HK$19,032,843.11.  On 18 May 2007, in HCCT 34/2007, the Bank obtained an order from A Cheung J to enforce the arbitral award which

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