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Our litigation partner Mr. Roy Leung has been appointed by the High Court to act as the next friend of Madam Yang Foo-Oi (being the former wife of the late Dr. Chen Din Hwa, the founder of the Nan Fung Group), the Plaintiff in High Court Action No.1739 of 2010, to assist her in conducting the legal proceedings against, inter alios, her younger daughter Ms. Wai Wai Chen (the former chairman and the existing honorary chairman of the Nam Fung Group) concerning the distribution arrangements for the assets belonging to the late Dr. Chen to his family members.

After a 21-day trial, the High Court trial Judge granted judgement in favour of Madam Yang. The learned Judge ruled that the agreement for Madam Yang to, inter alia, receive from Ms. Chen cash of HK$1.5 billion in lieu of properties should be rescinded on the grounds of Ms. Chen’s breach of fiduciary duties, non-disclosure under family arrangement and undue influence etc. As a result, Madam Yang is entitled to, at her choice, either equitable compensation or an account for profits, plus interest and costs. Subject to any consequential directions and adjustments to be agreed by the parties and/or made by the Court, the amount of equitable compensation is estimated at between HK$8.33 billion and HK$8.7 billion.