Clifford Chance

Re Yung Kee Holdings Ltd – The End of an Era?

18 November 2015

In Kam Leung Sui Kwan v Kam Kwan Lai and Ors (FACV No 4 of 2015), the Court of Final Appeal was asked to consider the First Instance and Court of Appeal decisions in the Yung Kee Holdings saga. The long-running tale concerns the famous Hong Kong roast goose restaurant established by the petitioner's late father, Kam Shui Fai (Kam Senior), who bequeathed the business to his two sons, Kam Kwan Sing (the Petitioner), now also deceased, and the Petitioner's brother, Kam Kwan Lai, the 1st Respondent (Kwan Lai). In a unanimous decision, the Court of Final Appeal ordered that the business be wound up, but gave the parties 28 days to discuss a share buy-out. 

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