Asia Cement Corporation Triumphs: Landmark Legal Victory in HK
Deal News | May 12, 2025 | Hogan Lovells
Hogan Lovells, under the leadership of litigation partner Maria Sit, has successfully defended Asia Cement Corporation (ACC) in a high-profile case against China Shanshui Cement Group Limited and its affiliated entities. The Hong Kong High Court dismissed allegations that ACC and its associates engaged in an unlawful conspiracy to uphold control over Shanshui, ruling that claims of fiduciary breach were unfounded. This case, part of a longstanding multifaceted legal battle involving major stakeholders in the Chinese cement industry, sets a significant judicial precedent regarding unlawful means conspiracy claims in Hong Kong. Ongoing related proceedings are still active in both the Cayman Islands and Hong Kong, illustrating Hogan Lovells' strong capability in managing extensive cross-border legal disputes.
Sectors
- Legal Services
- Cement Industry
Geography
- Hong Kong – The legal proceedings and court decision discussed in the article took place in Hong Kong.
- China – China is the home country of China Shanshui Cement Group Limited, a key participant in the dispute.
- Cayman Islands – Related legal proceedings concerning the dispute continue in the Cayman Islands.
Industry
- Legal Services – The article discusses a legal dispute resolved by the Hong Kong High Court, highlighting the role of legal advisory by Hogan Lovells.
- Cement Industry – Asia Cement Corporation and China Shanshui Cement Group Limited are major players within the cement industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Asia Cement Corporation | Target Company | Company | A major cement producer involved in the legal dispute with China Shanshui Cement Group Limited. |
| Hogan Lovells | Legal Advisor | Company | The law firm representing Asia Cement Corporation in the Hong Kong High Court case. |
| Maria Sit | Lead Litigation Partner | Person | The lead partner from Hogan Lovells who managed Asia Cement Corporation's defense. |
| China Shanshui Cement Group Limited | Claimant | Company | The company that brought the legal action against Asia Cement Corporation. |
| Tianrui (International) Holding Co Ltd | Shareholder | Company | Shareholder in Shanshui, backing the new board that initiated legal action. |
| China National Building Materials Company Limited | Defendant | Company | Alleged co-conspirator with Asia Cement Corporation in the legal dispute. |