Asia Disputes Notes
Tag: keepwell deeds
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28 March 2025
Court of Final Appeal delivers landmark decision on keepwell deeds: Breach of liquidity obligation did not cause any loss to the insolvent issuers and guarantors
Keepwell deeds have commonly been used by Chinese parent companies to provide their offshore subsidiaries with financial backing for their bond …
17 August 2023
Not "worthless window dressing": Hong Kong Court declares keepwell deeds are enforceable contractual obligations
In two remarkably similar cases, Re Peking University Founder Group Company Limited [2023] HKCFI 1350 (the “Peking University Case”) …