Feuding family of late Hong Kong tycoon Henry Fok makes 'progress' towards settlement

Feuding family of late Hong Kong tycoon Henry Fok makes 'progress' towards settlement

Tycoon, Family

20/1/2022 6:20:00 PM

Feuding family of late Hong Kong tycoon Henry Fok makes 'progress' towards settlement

The late Hong Kong tycoon Henry Fok Ying-tung's feuding family has made 'some progress' towards settling an ongoing dispute over his HK$11.3 billion (S$1.95 billion) estate, a court has heard. However, it remained unclear whether an overall settlement was possible, with parties requesting another 24 hours for talks in an application granted by Mr Justice David Lok Kai-hong on Thursday...

However, it remained unclear whether an overall settlement was possible, with parties requesting another 24 hours for talks in an application granted by Mr Justice David Lok Kai-hong on Thursday (Jan 20).The development came after the judge's repeated calls for parties to "consider other options" out of concern there would be "further damage to relations" once witnesses start testifying in court.

All family members and a number of companies reached a settlement over his estate in 2012.[[nid:562036]]"Some progress has been made," Yu said. "Some of the parties would wish the matter to be stood down for another day with a view to achieving something in principle by tomorrow morning."

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