Legal battle over Hong Kong tycoon Lim Por-yen’s HK$2.9b estate set to rumble on
A long-standing legal dispute over the HK$2.9 billion estate of late tycoon Lim Por-yen continues as the estate appeals a court ruling favoring his third wife and children. The court previously invalidated a 2004 will, citing the tycoon's lack of mental capacity due to dementia.
Why it matters
High-profile probate battles involving massive fortunes highlight the complexities of estate law and the challenges of verifying mental capacity in elderly testators.
A 15-year legal battle over late tycoon Lim Por-yen’s HK$2.9 billion (US$371.8 million) estate is set to continue, with rival parties preparing for further legal action after a Hong Kong court ruled that his third wife and children were entitled to inherit part of his estate.
Lim’s estate lodged an appeal after losing the legal battle last year, while Pearl Ling Meng-chu, daughter of Lim’s third wife, told the South China Morning Post that she had not ruled out taking further action.
“She is reviewing all options available to her and the estate and is not ruling anything out,” Ling’s spokesman said.
Ling, also known as Pearl Lam, is the daughter of the late tycoon, founder of the conglomerate Lai Sun Group, and his third wife, Koo Siu-ying.
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