华人中还是有很多有钱的。。。。Former partners warring over $30m grocery store

mwe23

Partners in a shelved relationship are at odds over a grocery store empire estimated to be worth $30 million.
Last month, Tony Jun Huang and his former partner Cho Hui “May” Chung made applications before Justice Patricia Courtney in the High Court at Auckland.
The two are arguing over the status of assets acquired over about 20 years from the revenue and sale of an Avondale grocery store, called Silver Bell.
It is estimated the assets are worth between $22 million and $30 million.
Mr Huang says Ms Chung, who had already owned the business and its commercial premises before the relationship began, only had assets worth less than $600,000.
He claims he contributed “significantly” to the business’ growth and the assets are therefore relationship property but Ms Chung has allegedly transferred much of them to trusts to keep it out of his reach.
Ms Chung says she owned assets worth “millions” at the start of the relationship and does not believe Mr Huang contributed “any significant part” to the increase in business value.
There are two proceedings under way, which will be heard together over about two weeks.
Last month, however, Mr Huang made an application joining the trustees of two trusts as defendants to the proceeding, while Ms Chung applied for an order that a fact must be determined before the trial.
In a decision released yesterday, Justice Courtney has allowed Mr Huang’s application, while rejecting Ms Chung’s.
Mr Huang says the relationship began in 1997 while she claims it did not begin until 1999, after a trust worth about $8 million was settled in 1998.
The trustees of this trust, for which two children from her first marriage are beneficiaries, are already defendants.
But in 2013, Ms Chung settled two further trusts which own properties Mr Huang says were purchased with funds gifted from relationship property.
Justice Courtney joined the trustees of these further trusts as defendants, therefore, because of the allegation they hold the properties on constructive trust for Mr Huang.
Ms Chung applied to have the matter of when the relationship began decided as a preliminary matter, by which time the $8 million trust had already been established and kept separate from the relationship.
But the judge agreed with Mr Huang’s claim this would lead to significant disputes that would require findings of credibility, and dismissed the application.

NewLynnHse

谁说华人没有钱了？

jkey

都是大家喜闻乐见的故事，越多越好嘛