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US$108 million reward to ex-wife redefines matrimonial assets

In a landmark ruling in Hong Kong that could send trust planning experts back to the drawing board to reconsider the level of asset protection their clients may have, an ex-wife of a local engineer has been awarded rights to half of a trust fund or HK$840 million (US$108 million). Kay Kan, the wife of Otto Poon, owner of engineering…

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