End in sight for feud by family members of late Hong Kong tycoon Henry Fok? Court hears parties reach ‘agreement in principle’
- Judge agrees to grant fourth adjournment, says parties have achieved positive progress
- Counsel to Nora Fok says ‘serious work’ done over the weekend, more time needed to iron out details and reach agreement with all involved
The core feuding members of late Hong Kong tycoon Henry Fok Ying-tung’s family have reached an “agreement in principle” towards resolving their ongoing court battle over his HK$11.3 billion (US$1.45 billion) estate.
The 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.
Mr Justice David Lok Kai-hong, who repeatedly urged all parties not to proceed with a trial, said the court had faced a dilemma, considering the need for active case management and the time required for talks.
“In my 26 years of sitting on the bench, I have not come across a case where it takes so long for a settlement to be reached,” he said.
But the judge eventually agreed to a fourth adjournment, saying that he would allow it because of the positive progress achieved by the parties.
