Enforcement Challenges of Keepwell Notes

This chapter examines the enforcement mechanisms of Keepwell Notes from a mainland Chinese perspective, focusing on landmark judicial cases like PUFG and CEFC. It highlights the complexities faced by bondholders during liquidation crises and the implications of recent court rulings on the enforceability of keepwell deeds. The discussion also emphasizes the need for collaboration among bondholders to navigate the intricacies of legal frameworks and maximize their claims.