Wednesday, October 30, 2013
As I have previously discussed, the children of philanthropic tycoon Henry Fok are attempting to remove their older brother and aunt as executors of Fok’s estate.
The parties met in court on October 28, seven years to the day after their father's death. Younger brother Benjamin, now backed by sisters Patricia and Nora, allege that older brother Ian failed in his duty as executor to include a buy-back option involving the booming Nansha district in Guangzhou, which would affect Benjamin’s entitlement. Ian accuses Benjamin of trying to hijack their father’s legacy of charity work in Nansha.
See Julie Chu, Philanthropist Henry Fok’s Children Renew Fight for Control of His Estate, South China Morning Post, Oct. 29, 2013.