Enforcement of Keepwell Deeds in Mainland China

Legal nature of a keepwell deed

Keepwell deeds are widely used in offshore financing transactions, but such arrangement has only been tested in the PRC courts in recent years. In this alert, we explore issues relevant to the enforceability of such arrangements in Mainland China.

Filed under:
China, Banking, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, King & Wood Mallesons, Bankruptcy, Foreign exchange market
Authors:
Richard Mazzochi , Stanley Zhou , Claire Potter
Location:
China
Firm:
King & Wood Mallesons