Son of late Hong Kong billionaire Eric Hotung awarded HK$1 after 15-year legal feud over trusts ends
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 cousi...
Source: asiaone.com