Minsheng Vocational Education Company Limited v Leed Education Holding Limited and Ors - Cayman Islands Court of Appeal - CICA Civil Appeal No 19 of 2022 - Judgment - 28 March 2024
Country
Year
2024
Summary
The Appellant (hereinafter "Minsheng") appeals against an Order made by Mr Justice Segal (the "Judge") on 29 August 2023 in this action (the "Order"). By the Order the Judge granted the Respondents' application for an injunction pursuant to Section 54 of the Arbitration Act 2012 (the "Act") restraining Minsheng from taking any steps to enforce a series of share charges granted by the Respondents over 49% of the issued share capital in Leed International Education Group Inc, a Cayman Islands company (the "Share Charges" and "LIEG", respectively), pending the outcome of arbitration proceedings commenced between the parties in the People's Republic of China (the "PRC").The seat of the arbitration being agreed to be the PRC, the proceedings were commenced at and pursuant to the rules of the China International Economic and Trade Arbitration Commission located in Beijing (the "CIETAC Arbitration").
HKIAC
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