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Esprit ordered to pay US$3.93 million in ICC arbitration award over disputed legal fees

PUBT·07/10/2026 11:11:23
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Esprit ordered to pay US$3.93 million in ICC arbitration award over disputed legal fees
  • Esprit received an ICC arbitration award ordering payment of USD 3.93 million and HKD 40,900 to a law firm over disputed legal invoices.
  • Award includes USD 2.87 million in unpaid fees, USD 126,243.94 in voided discounts, USD 500,000 in arbitration costs, and USD 427,922.81 in interest.
  • Tribunal set additional 9% simple interest on USD 3.5 million and HKD 40,900 from the award date until payment.
  • Esprit had booked a provision of about HKD 8.2 million in its 2024 financial statements, maintained in 2025.
  • Singapore High Court dismissed Esprit’s bid to send the firm’s bills to taxation as time-barred; an appeal permission request filed June 12, 2026 remains pending.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Esprit Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260710-12241459), on July 10, 2026, and is solely responsible for the information contained therein.