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HSBC admits that it has reached an agreement with Huawei. The judge ordered Meng Wanzhou to request documents from HSBC.

2021-04-12T04:52:52.418Z


Meng Wanzhou, vice chairman of Huawei, was accused by the United States of misleading HSBC and made HSBC continue to provide services to Skycom Tech, which is trading with Iran, and is facing an extradition hearing in Canada. She earlier


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Written by: He Jinkang

2021-04-12 12:42

Last update date: 2021-04-12 12:44

Meng Wanzhou, vice chairman of Huawei, was accused by the United States of misleading HSBC and made HSBC continue to provide services to Skycom Tech, which is trading with Iran, and is facing an extradition hearing in Canada.

She filed a petition in the Hong Kong High Court earlier, requesting HSBC Hong Kong to disclose a number of internal documents.

The case was heard in the High Court for the first time today. The judge ordered Huawei to obtain relevant documents from HSBC, but part of the content must be covered up, and allowed a new company to be listed as the secondary plaintiff.

An HSBC spokesperson also confirmed that it has reached an agreement with Huawei and Meng Wanzhou on Hong Kong legal procedures.

The Meng Wanzhou party is represented by Senior Counsel, who has represented Zhou Xingchi.

(Photo by Zheng Zifeng)

The plaintiff in the case is Meng Wanzhou, and the defendant is the Hong Kong and Shanghai Banking Corporation.

The Meng Wanzhou party continues to be represented by Senior Counsel, who has represented Stephen Chow; HSBC is represented by Senior Counsel Charles Manzoni.

The HSBC side is represented by Senior Counsel Charles Manzoni (left).

(Data Picture/Photo by Zhang Haowei)

The case was heard in the chamber earlier, and the public was not allowed to listen to it. It is only today that it has been turned to a public hearing for the first time.

The trial judge Chen Jingfen revealed in the court that Meng Wanzhou was allowed to list a new company as the secondary plaintiff. According to media reports, the secondary plaintiff was Huawei. In addition to Meng Wanzhou, Huawei is now an interested party in the hearing.

In addition, Chen Guan also revealed that the court received a new petition yesterday (11th) and agreed to issue an order in this regard. Meng Wanzhou can request the relevant documents from HSBC, but part of the content must be covered.

An HSBC spokesperson replied to inquiries that HSBC and Huawei and Meng Wanzhou have reached an agreement regarding the legal procedures for Huawei and Meng Wanzhou to request relevant documents in Hong Kong.

After Meng Wanzhou was arrested in Vancouver, Canada in December 2018, he has not been able to leave the country. Bail must wear electronic fetters at home.

The picture shows her attending the local court hearing in December 2020.

(Reuters)

According to the filing, Meng Wanzhou requested HSBC to disclose a number of internal information, including how HSBC assessed Huawei, “Skycom Tech” and the shell company “Canicula Holdings Ltd” between December 2012 and April 2015. The bank’s reputation and its compliance with sanctions.

Meng Wanzhou also requested HSBC to disclose the assessment documents for considering whether to continue to provide banking services to the three companies from 2013 to 2015, and documents showing that the three companies belonged to Huawei.

Huawei Vice Chairman Meng Wanzhou was arrested in Canada in December 2018. The United States accused Meng Wanzhou of making false statements to the Hong Kong and Shanghai Banking Corporation (HSBC) in 2013.

(Information Picture / Photo by Zheng Zifeng)

Meng Wanzhou filed a petition requesting HSBC to disclose documents. The High Court heard the case of Meng Pin Zhou Xingchi in April again

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Source: hk1

All news articles on 2021-04-12

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