Keepwell agreements – Recent enforcement cases in debt financing deals
A webinar to update you on the enforcements cases involving keepwell deeds in the PRC and Hong Kong
Join our webinar on 9 February at 11am (Hong Kong Time). This bite-size webinar will bring you our insights on enforcing keepwell arrangement in the PRC for debt financing deals.
Keepwell deeds are a common and popular form of credit enhancement used by PRC companies to facilitate the issuance of offshore bonds by their subsidiaries. The keepwell structure is often adopted as a device to handle the difficulties posed by PRC regulatory requirements on guarantee provided by PRC companies to offshore entities. Although a PRC court has recognised and enforced a Hong Kong default judgment relating to a breach of a keepwell deed, there are also limitations of the judgment.
During the webinar, we will cover the topics:
- General overview of keepwell arrangements
- Whether it is a guarantee or not
- Peking University Founder Group case
- CEFC case
- Key observations
Read our recent article- Keepwell deeds: A pathway for enforcement to learn more.
0.5 Hong Kong Law Society Point is being applied for the session
Registrants must use the name as stated in your practicing certificate/trainee solicitor contract to enable The Law Society of Hong Kong (HKLS) to keep your attendance record of the course.
Hong Kong Law Society CPD points have been applied for the sessions. No CPD point will be given if attendees lose connection for more than 10 mins howsoever caused. Please also be reminded that viewing our webinar on-demand is not eligible for CPD points.
