Enforcement Mechanisms of Keepwell Deeds

This chapter explores the enforcement mechanisms associated with keepwell deeds in the context of distressed Chinese companies, with a focus on China Evergrande Group. It discusses the complexities and challenges faced by bondholders, the various structures of Keepwell Notes, and the significance of credit enhancements in ensuring bond viability. The chapter also highlights potential enforcement routes and the legal intricacies involved, including the roles of different claimants and the implications of jurisdiction.