"Keepwell deeds in the courtroom: lessons learnt from recent Hong Kong cases" Seminar 2024 | APLMA (Asia Pacific Loan Market Association) | 4 December 2023 | King & Wood Mallesons - 13/F Gloucester Tower, The Landmark, 15 Queen's Road Central, Hong Kong
Venue
King & Wood Mallesons - 13/F Gloucester Tower
King & Wood Mallesons - 13/F Gloucester Tower, The Landmark, 15 Queen's Road Central, Hong Kong
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| Event Date |
Tue Dec 5 HKT (about 1 year ago)
In your timezone (EST): Mon Dec 4 11:00am - Mon Dec 4 11:00am |
| Location |
King & Wood Mallesons - 13/F Gloucester Tower
The Landmark, 15 Queen's Road Central, Hong Kong |
| Region | APAC |
Details
Two recent Hong Kong cases relating to offshore borrowings by respectively Peking University Founder Group and Tsinghua Unigroup, have tested the validity and enforceability of keepwell deeds in court for the first time. Keepwell deeds are widely used in offshore financing transactions of PRC enterprises, and the implications of the judgments are significant. In this seminar, legal experts from King & Wood Mallesons will:
• Explain what keepwell deeds are and how they are intended to work
• Discuss the two landmark Hong Kong court rulings
• Provide practical tips to financiers structuring deals with keepwell clauses
Speakers
2023 Speakers
David Lam
Partner, Cross-border Finance, King & Wood Mallesons
Edmund Wan
Partner, Disputes Resolution, King & Wood Mallesons