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Ex-Wife Wins Half of Family Trust in $108 Million Divorce

An engineer’s ex-wife won a ruling from Hong Kong’s highest court giving her the right to half of the trust fund that holds his business as part of a HK$840 million ($108 million) divorce award.

The Jersey trust holding 85 percent of Otto Poon’s engineering company Analogue Holdings Ltd. is clearly part of his financial resources and should be considered in the settlement, Justice Roberto Ribeiro of the Court of Final Appeal wrote in a 54-page judgment issued today.