SIAN PARTICIPATION CORP (IN LIQUIDATION) V HALIMEDA INTERNATIONAL LTD (VIRGIN ISLANDS)

[2024] UKPC 16, Privy Council, Lord Reed, Lord Lloyd-Jones, Lord Briggs, Lord Hamblen and Lord Burrows, 19 June 2024

Arbitration – British Virgin Islands – Undisputed claim – Winding up petition – Whether stay has to be granted – Whether court should exercise discretion to stay proceedings – Arbitration Act 1996, section 9

By a facility agreement entered into in December 2012 HIL advanced US$140 million to SP.