Peter Haslam (HK)

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Rights of minority Lenders under APLMA & LMA documents

By Davide Barzilai (UK) and Peter Haslam (HK) on August 4, 2015 Posted in Asia, Banking

A recent Hong Kong case ruled that minority lenders are not entitled to take independent enforcement action (including winding-up proceedings) under APLMA or LMA standard loan documents. In the case of Charmway Hong Kong Investment Ltd & Ors v Fortunesea (Cayman) Ltd & Ors [2015] HKCU 1717, the Hong Kong Court of First Instances had … Continue Reading

Execution of documents: was your agreement validly executed?

By Peter Haslam (HK) and Davide Barzilai (UK) on January 30, 2015 Posted in Asia, Banking, Market integrity and misconduct

A recent Hong Kong case reminded us of the importance of getting things right when executing documents in virtual closings, particularly in relation to deeds. In the case of Penta Investment Advisers Ltd v Allied Weli Development Ltd (formerly known as Hennabun Capital Group Ltd) – [2014] HKCU 2365, the Hong Kong Court of First … Continue Reading