Opinion
8:22-cv-461-KK-ADS
01-12-2024
ZHONGTIE DACHENG (ZHUHAI) INVESTMENT MANAGEMENT CO., LTD., a China Company Petitioner, v. YAN, JINGGANG, an individual, Respondent.
Conal Doyle, Esq. (SBN: 227554) Doyle Law APC Rongping Wu, Esq. (Pro Hac Vice) DGW KRAMER LLP Attorneys for Petitioner: ZHONGTIE DACHENG (ZHUHAI) INVESTMENT MANAGEMENT CO., LTD.
Conal Doyle, Esq. (SBN: 227554)
Doyle Law APC
Rongping Wu, Esq. (Pro Hac Vice)
DGW KRAMER LLP
Attorneys for Petitioner:
ZHONGTIE DACHENG (ZHUHAI) INVESTMENT MANAGEMENT CO., LTD.
ORDER GRANTING PETITION AND CONFIRMING AND ENFORCING THE AWARD AGAINST THE RESPONDENTS AND JUDGMENT AGAINST THE RESPONDENTS
HON. KENLY KIYA KATO, UNITED STATES DISTRICT JUDGE
Accordingly, having considered the circumstances of this case, as well as Petitioner Zhongtie Dacheng (Zhuhai) Investment Management Co., Ltd.'s Petition to Confirm/Enforce an Arbitral Award and Petitioner's Reply in Support of the Petition it is HEREBY ORDERED that:
1. Petitioner's Petition to Confirm/Enforce Arbitral Award is GRANTED.
2. Respondents, by virtue of the Personal Guaranties executed between them and the Petitioner, are jointly and severally liable to Petitioner for the following:
a. RMB 15,000,000 in unpaid loan principal;
b. RMB 5,316,700 in unpaid loan interest, plus ongoing accrual of interest on the unpaid loan principal, calculated from November 21, 2018, at the rate of 20% per annum, until the date the unpaid principal has been repaid;
c. Costs of the Arbitration in the amount of RMB 159,183.50; and
d. Costs of this instant Proceeding.
RETENTION OF JURISDICTION
IT IS FURTHER ORDERED AND ADJUDGED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Judgment.