Clifford Chance
Grande Holdings Ltd. – is an amount due under a complex derivatives arrangement a liquidated sum?
27 November 2015
In its recent decision in the winding-up of Grande Holdings Ltd, the Hong Kong Court of Appeal unanimously held that an amount due under a complex derivatives contract was a liquidated sum, thus reversing the lower court's decision. This briefing note looks at some of the implications of the Grande Holdings Ltd. decision for potential creditors under derivative or structured products arrangements.
