Hong Kong, as one of the world's three major financial centers, developed earlier and has a very developed economy, and is the city with the highest per capita GDP in mainland China.
As an important symbol of urban development, Hong Kong's skyscrapers can be described as one after another.
For example, the 484-meter-high Hong Kong International Commerce Centre, the 412-meter-high International Finance Center, the 367-meter-high Bank of China Building...
However, today we are not going to talk about the history of Hong Kong's skyscrapers, but to talk about the history of Hong Kong's skyscrapers.
A shocking case and a 100 billion inheritance
Nina Plaza consists of 88-storey and 42-storey commercial buildings, with a height of 318.8 meters for the high block and 163.7 meters for the low block. It, there is a glass bridge link between the two buildings,
Background
Gong Nina Gong, whose husband's surname is Wang Gong Nina was born in Shanghai, a Hong Kong entrepreneur, and his husband Wang Dehui joined hands in his early years, with assets of more than 30 billion Hong Kong dollars.
Chinachem Group, principally engaged in real estate investment, development and construction, is headquartered in Chinachem Plaza, Tsim Sha Tsui, Kowloon.
however
In 1990, a shocking case occurred in Hong Kong: the husband of Nina Gong, the richest woman in Hong Kong!
The kidnappers called and asked Gong Nina for a ransom of up to $60 million, and Gong Nina did not hesitate to pay immediately, she just needed her husband to return safely, but.
On April 3, 2007, but she left an estate of more than 140 billion Hong Kong dollars, and who will inherit it has caused huge controversy!
Who should the inheritance belong to?
According to Nina Gong's will in 2002, her estate was allocated to a regulatory body composed of the Chinese premier, the Secretary-General of the United Nations and the chief executive of Hong Kong for charitable purposes.
However, only on the third day of Nina Gong's death, a man named Chen Zhencong claimed that he was the beneficiary of the estate and held a document of Nina Gong's last will.
In the face of hundreds of billions of inheritances, the two sides quarreled, which led to a one.
After two years of preparation, the case commenced on 11 May 2009 in the Court of First Instance of the High Court of Hong Kong.
On 2 February 2010, after a multi-month hearing.
On 14 February 2011, the Court of Appeal of the High Court dismissed Chan's leave to appeal, arguing that he had been dishonest in commencing the property dispute and abused the court process.
24 October 2011, Hong Kong Court of Final Appeal.
The winner seems to be the Chinachem Charitable Foundation.
New Legacy Disputes
After the end of the year, when Nina Gong's estate was executed according to the will made in 2002, it faced new problems:
Is the real meaning of a will a gift or a charitable trust?
In the case of a "beneficiary", the Chinachem Charitable Foundation may receive the estate as a gift, and in the case of a "trustee", if it needs to be used, it will.
As a result, a battle for the inheritance between them has begun.
In 2012, the Hong Kong Department of Justice (DoJ) entered the court in its capacity to ask the Court of First Instance of the High Court to interpret the will, and the Chinachem Charitable Foundation has always considered itself to be the "beneficiary" rather than the "trustee" of the estate.
In February 2013, the Court of First Instance of the High Court ruled against the Chinachem Charitable Foundation that the Foundation was merely the "trustee" of the estate and not the "beneficiary" of the inheritance.
On 11 April 2014, Chinachem Foundation's appeal was dismissed by the Court of Appeal of the High Court.
On 18 May 2015, the Court of Final Appeal dismissed the appeal filed by Chinachem Charitable Foundation instead of being the "beneficiary" of Nina Gong's estate.
In addition, the Court of Final Appeal requested and the three parties to submit a plan for administration to the Court for approval, which required a plan for the execution of Nina Gong's Will made in 2002, and after discussion, the plan was prepared and submitted to the High Court for approval.
I thought that this "tortuous and bizarre legacy" case could finally come to an end!
In July 2023, the Hon Mr Justice Pau ruled that the Chinachem Charitable Foundation had failed to meet the condition of "financial soundness".
In other words, it is not possible to participate in the development of an estate administration plan.
Therefore, the estate administration plan will be jointly formulated by the Secretary for Justice and the estate administrator.
The 100 billion inheritance case, the latest development
On 12 December 2023, the High Court sat for the case involving the Secretary for Justice, the administrator and the Chinachem Charitable Foundation.
The Secretary for Justice said that as the Chinachem Charitable Foundation is no longer eligible to act as the "trustee" of the estate, a new company tentatively named Nina Wang Trustee Company Limited will be formed.
In the case of a "trustee" of the estate, the Financial Secretary IO has a fiduciary duty to the "trustee" of the estate.
The Secretary for Justice, on the one hand, considered that the directors of the estate "trustees" should maintain their independence, and that the Chinachem Group, the estate regulators and the estate "trustees" should perform their respective duties.
As for the establishment of the "Chinese Nobel Prize", the Secretary for Justice has a side, such as the Asset Management Committee, the Charity Committee, and the "China Nobel Prize" Committee.
After reading this "inheritance dispute" that has lasted for more than ten years, :
"The actions of the world are illusions. They were in a hurry, and it was in vain. Accumulate treasures, and do not know who will receive them. ”
"Rich people don't seem to be happy. ”
"It's good that I don't have that much money and I don't have so many worries. ”
What do you think?