Huawei Pushes for HSBC Disclosure in Hong Kong
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After being rejected in the U.K., Huawei lawyers seek to make a similar push to pressure HSBC to unveil documents they claim will disprove accusations of fraud against chief financial officer Meng Wanzhou.
After a 30-minute hearing at Hong Kong High Court, no ruling was deliberated on whether or not HSBC must provide specific documents related to accusations that Meng misled the British lender about business dealings with Iran during a 2013 meeting.
If proven true, this could help prevent the Huawei CFO and daughter of founder Ren Zhengfei from being extradited to the U.S. to face trial.
The information that Meng is seeking will «go to the heart of her ability to demonstrate that there were material omissions and misstatements» made in the attempt to extradite her to the U.S., according to a report citing a Huawei spokesperson, and that she has no other means to obtain them other than through court approval.
The legal pressure against HSBC to disclose the allegedly revealing documents follow similar attempts made in the U.K. by Huawei lawyers which were rejected by a high court judge.
Another one-day hearing for the case in Hong Kong is scheduled for April 12.
Questions & Answers
Q.Why is Huawei trying to get documents from HSBC?
Why is Huawei trying to get documents from HSBC?
Huawei lawyers believe specific documents from HSBC will disprove accusations of fraud against their chief financial officer, Meng Wanzhou. They claim these documents are crucial for demonstrating omissions and misstatements in the extradition attempt.
Q.What is the purpose of seeking these documents for Meng Wanzhou?
What is the purpose of seeking these documents for Meng Wanzhou?
The information Meng Wanzhou is seeking could help prevent her extradition to the U.S. To face trial. Huawei suggests it would demonstrate material omissions and misstatements made in the attempt to extradite her.
Q.What was the outcome of the recent Hong Kong High Court hearing?
What was the outcome of the recent Hong Kong High Court hearing?
The Hong Kong High Court did not make a ruling on whether HSBC must provide the specific documents. Another one-day hearing for the case in Hong Kong is scheduled for April 12.
Q.Have Huawei's attempts to get these documents been successful elsewhere?
Have Huawei's attempts to get these documents been successful elsewhere?
No, similar attempts made by Huawei lawyers in the U.K. Were rejected by a high court judge. The legal pressure against HSBC in Hong Kong follows these unsuccessful efforts in the U.K.
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