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”) …