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In Ng Yan Kit Alfred and Another v. Ever Honest Industries Ltd and Another [2022] HKCFI 1834, the Court of First Instance confirmed that the approach to considering penalty clauses in Law Ting Pong Secondary School v Chen Wai Wah [2021] HKCA 873 should be followed in Hong Kong.
March 10, 2021
Anthony Hotung leaving the High Court in 2005.
South China Morning Post
A Hong Kong court on Tuesday (March 3) concluded a 15-year legal feud within the family of late billionaire Eric Hotung by awarding HK$1 (S$0.20) to one of his sons who was not told about his interests in two trusts upon reaching the majority age of 21.
Anthony Hotung took his father Eric and businesswoman Winnie Ho Yuen-ki to court in June 2006, over allegations about the latter’s breach of duty as a trustee and irregularities in the management of Hotung Investment (China).
The two defendants were cousins but also secret lovers with two children. Winnie’s grandfather was Ho Fook, younger brother of influential colonial-era tycoon Robert Hotung, Eric’s grandfather.