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AUSTRALIA 49 A
Federal Court of Australia, 13 July 2018, NSD 976 of 2018
(Hyundai Engineering & Steel Industries Co Ltd v. Alfasi Steel Constructions (later called Two Ways Constructions Pty Ltd))
AUSTRALIA 49 A
The Federal Court stayed enforcement of a SIAC award pending an annulment action in Singapore, directing the respondent to provide security until a date by which it could reasonably be thought that the Singapore proceeding would be heard -- November 2019.
See also Federal Court of Australia, New South Wales Registry, General Division, 13 September 2018 (Hyundai Engineering & Steel Industries Co Ltd v. Alfasi Steel Constructions (NSW) Pty Ltd (later: Two Ways Constructions Pty Ltd) AUSTRALIA 49 B
and
Federal Court of Australia, New South Wales Registry, General Division, 2 October 2018 (Hyundai Engineering & Steel Industries Co Ltd v. Alfasi Steel Constructions (NSW) Pty Ltd (later: Two Ways Constructions Pty Ltd) AUSTRALIA 49 C
The court discusses the conditions for granting adjournment of a proceeding relating to the recognition and enforcement of an arbitral award, and the court’s discretionary power to do so, as well the determination of “suitable security” and the power to request it.