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ARTICLE · 05 DECEMBER 2025

Court Says No To End Run: Hong Kong Arbitration Blocked In Binance Class Action

Lenczner Slaght
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In cross-border litigation, the choice of venue is a major strategic consideration, and forum contests can be as hotly contested as the underlying dispute.

CanadaLitigation, Mediation & Arbitration
Jonathan Chen
Jonathan Chen
Christopher Yung
Christopher Yung
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In cross-border litigation, the choice of venue is a major strategic consideration, and forum contests can be as hotly contested as the underlying dispute. In Lochan v Binance Holdings Limited, the Ontario Superior Court of Justice restrained Binance Holdings Limited (Binance) and an affiliated entity, Nest Services Limited (Nest), from pursuing an arbitration commenced in Hong Kong against the class representatives in a certified class action in Ontario. The decision shows how a parallel foreign arbitration raised the risk of a collateral attack on prior Ontario rulings, and why an anti-suit injunction was appropriate to preserve the integrity of the Ontario proceeding.

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