The core feuding members of late Hong Kong tycoon Henry Fok Ying-tung's family have reached an "agreement in principle" towards resolving theirThe High Court heard on Monday that the parties would still need time to work out the details of an agreement and had asked for another day to settle their differences.
But the judge eventually agreed to a fourth adjournment, saying that he would allow it because of the positive progress achieved by the parties.Despite reaching a settlement over his estate in 2012, a rift emerged among the family, with the children from Fok's first marriage - Benjamin Fok Chun-yue, Nora Fok Lai-lor and Patricia Fok Lai-ping - accusing brothers Ian Fok Chun-wan and former legislator Timothy Fok Tsun-ting of keeping details of the estate hidden.
"An agreement in principle has been achieved among the first family, now subject to working out the details and agreement with all the parties," he said.Yu also revealed there had been positive discussions with the foundation and the corporate defendants, which included Henry Fok Estates, as well as communication with other family members.
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