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Hong Kong court rules keepwell deeds are enforceable in first of its kind decision | Hogan Lovells

In the latest development regarding the validity and enforceability of keepwell deeds in the "Peking Founder” litigation, a Hong Kong court has awarded more than US$164 million by way.

Hong kongHogan lovellsJustice harrisUniversity founder groupHong kong courtUniversity groupKunzhi limitedNuoxi capital limitedFounder information hong kong limitedPeking university founder group limitedPeking university groupHong kong incorporatedFounder informationEquity interest purchase undertakingEnterprise bankruptcy lawKeepwell deed

The Hong Kong Court Refuses to Stay Keepwell Claims

In a noteworthy decision handed down on 17 December 2021 ("Decision")1, the High Court of Hong Kong recognised the Mainland China bankruptcy…

Hong kongBritish virgin islandsJustice harrisHong kong courtNuoxi capitalPeople courtAdministrator of peking university founder groupHigh courtMainland chinaPeking university founder group limitedVirgin islandsKunzhi limitedNuoxi capital limitedKeepwell notesHong kong incorporatedKeepwell deeds

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