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Maroc Maroc - HARNEYS.COM - A La Une - 09/Sep 18:16

Principles of declaratory relief and the judgment stay jurisdiction

The decision in Credit Suisse London Nominees Limited v Principal Investing Fund I Limited and Chia Hsing Wang v LV II Investment Management Limited addressed an application seeking declarations that: 1) the company, Blue Water Ltd, of which the Plaintiff, Chia Hsing Wang (Mr Wang), is the ultimate beneficial owner, has a separate legal personality to him and; 2) Mr Wang is not liable for the obligations of Blue Water Ltd under the London Court of International Arbitration (LCIA) awards against it in favour of the Defendant, LV II Investment Management Limited (LV2IM).

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