Read the full judgment text of HCA 1269/2021 on BabelCite. This High Court CFI judgment was delivered on 23 May 2022.
1. On 24 August 2021 Citicorp International Limited (“ Citicorp ”) issued a writ making claims for approximately US$500 million against Tsinghua Unigroup Co., Ltd (“ Tsinghua ”) for breach of a Keepwell Deed and Equity Interest Purchase Undertaking (“ EIPU ”) both dated 10 December 2015 given in support of a series of bonds issued by its indirectly held subsidiary, Unigroup International Holdings Ltd (“ Unigroup ”) of which Citicorp is the trustee. The Statement of Claim was issued on 21 Septemb
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