Legal battle continues over HK$2.9 billion Lim Por-yen estate

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A 15-year legal dispute concerning the HK$2.9 billion (US$371.8 million) estate of late tycoon Lim Por-yen continued following a Hong Kong court ruling that granted his third wife, Koo Siu-ying, and her children inheritance rights. The estate, belonging to the founder of the Lai Sun Group, became the subject of litigation after the estate's executors sought to validate a will purportedly signed in December 2004. Pearl Ling Meng-chu, Lim's daughter from his third marriage, and Koo were named as defendants in a probate lawsuit that began in 2011 after they lodged caveats asserting their interests in the estate. The estate has since filed an appeal against the court's previous decision, while representatives for Ling indicated that she is reviewing further legal options.

Consequences

The estate will likely remain tied up in litigation as the executors pursue an appeal of the court's recent ruling. Further legal action from Pearl Ling Meng-chu and her mother could prolong the distribution of the HK$2.9 billion assets indefinitely.

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