Tag: grace lee

Showing 3 out of 3 results

11 October 2023

When informal workouts don't work out: English High Court rules bank that lent support to restructuring did not dishonestly assist in putting assets beyond creditors' reach

In the current economic climate, more and more companies are getting into financial difficulties, informal workouts by debtor companies, with support …
14 September 2023

English High Court gives guidance on the so-called creditor duty where a company faces solvency-threatening claim

When a company is in the so-called “twilight zone” approaching insolvency, it is well-established that the directors’ fiduciary duties require them to …
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”) …