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Court rules Chinachem foundation is not ‘absolute’ beneficiary of Nina Wang’s estate

<!– google_ad_section_start –> The Chinachem Charitable Foundation only holds the huge estate of Nina Wang Kung Yu-sum on trust and was not its “absolute” beneficiary, the High Court ruled on Friday. Mr Justice Jeremy Poon Shiu-chor, of the Court of First Instance, wrote in his judgement: “Upon a proper construction of the will, I find that all… requirements of a charitable trust are satisfied.” “Admittedly, Nina Wang did not use the word ‘trust’. But nothing turns on that. For one thing, the absence of such a technical term in the will, a home-made will drafted by Nina…is understandable.” <!– google_ad_section_end –>

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Court rules Chinachem foundation is not ‘absolute’ beneficiary of Nina Wang’s estate

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