Huawei chief financial officer Meng Wanzhou has made a breakthrough in her attempt to block extradition from Canada to the U.S. in the latest Hong Kong court ruling which reportedly resulted in an agreement with HSBC.
An agreement between Meng, Huawei and HSBC was unveiled at a court hearing today, according to a statement from the Chinese smartphone maker, which involved «document production».
In a separate statement, HSBC said it agreed to «resolve the legal proceedings in Hong Kong regarding their request for documents».
Failed in London
Meng and her lawyers are pursuing documents that they believe can prove that lenders were aware of connections with Iran-linked Skycom.
Although the scope of the agreement remains unclear, an earlier court filing shows that documents requested in Hong Kong include those in connection with the evaluation of compliance, sanctions, credit or reputational risk posed by Huawei Technologies, Skycom or Canicula Holdings between late 2012 and April 2015.
A similar request for document production failed in London after British courts ruled that they had no jurisdiction to make such an order.
