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Huawei and HSBC agree on document deal over export

HONG KONG (AP) – Chinese telecommunications equipment maker Huawei said on Monday it had reached an agreement with HSBC in Hong Kong to obtain documents that its chief financial officer, Meng Wangzhou, hopes will help prevent US exports.

Meng, who was arrested in Canada in 2018 on the orders of US authorities, has been fighting a legal battle for the past two years as the US tries to extradite him on charges of banking fraud and violating sanctions against Iran.

The United States has accused Huawei of using a Hong Kong missile company called Skycom to sell equipment to Iran in violation of US sanctions. It says Meng committed fraud by misleading HSBC about the company’s business dealings in Iran.

Earlier, a lawsuit filed by Meng’s legal team against HSBC was rejected by a British court.

In a court hearing on Monday, Hong Kong Supreme Court Justice Linda Chan upheld a document sharing agreement between Huawei and HSBC.

“An agreement has been reached with HSBC to prepare the documents in connection with the Hong Kong lawsuits, and the court has upheld the order,” Huawei said in a statement on Monday.

It is unclear what documents Huawei has obtained or what contract it has. The Meng team looked for internal compliance documents related to Huawei և Skycom.

During extradition proceedings in Canada, Meng’s lawyers argued that the United States had no jurisdiction to sue.

Hearings on Meng’s extradition are expected to end in late March in Vancouver, although appeals could delay the process.

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