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.
This bite-size webinar brings 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 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.
