Kelly Zong Fuli – Charm

Hong Kong court freezes US$1.8 billion HSBC account as Wahaha inheritance battle unfolds

Cs news2 months ago03 mins

A Hong Kong court has formally frozen an HSBC account at the heart of a high-stakes lawsuit that pits three claimants of a multibillion-dollar inheritance against the CEO of Hangzhou Wahaha Group, a beverage empire dubbed “China’s Coca-Cola”. The order will remain in force until another parallel lawsuit filed in a Hangzhou court is finished,…

Why do mainland China’s wealthiest families pick Hong Kong courts to mediate their feuds?

Cs news2 months ago2 months ago02 mins

An increasing number of wealthy mainland families have been opting to come to Hong Kong for mediation services to solve disputes instead of going to court, according to an expert. “There is an increased demand for family mediation services in Hong Kong in recent years, particularly from [mainland] Chinese families,” said Ann Cooley, founder of…