Koshigi Ltd & Anor v Donna Union Foundation & Anor [2019]

Commercial Court

30 Jan

Written By Louise Glover

Koshigi Ltd & Anor v Donna Union Foundation & Anor [2019] EWHC 122 — 30 January 2019 (Sir William Blair)

“Unsuccessful shareholder respondents to an LCIA arbitration commenced Court proceedings under s68 of the Arbitration Act alleging "serious irregularity" on the basis of bias, non-disclosure and other defects. The arbitration claimants sought securi… — “Unsuccessful shareholder respondents to an LCIA arbitration commenced Court proceedings under s68 of the Arbitration Act alleging "serious irregularity" on the basis of bias, non-disclosure and other defects. The arbitration claimants sought security for their costs of defending the challenge and shortly afterwards the shareholders discontinued their s68 challenges. Given the weakness of the allegations, and the fact that security would have been awarded had the application continued, the Court ordered that the shareholders bear the claimants' costs of both the challenge and the security application on an indemnity basis.”
Jason Charalambous
E. G. Arghyrakis & Co.
30th January 2019

Louise Glover

London Arbitration 4/19 — [2019]

London Arbitration 1/19

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