Laguna club owner Peter Kwee in court to lay claim to five properties held in bankrupt daughter’s name
The case turns on whether a trust exists between him and his daughter Karen regarding the properties, which are in her name, and which he says are his
MOTORING tycoon Peter Kwee took the stand on the first day in a civil trial over the ownership of five properties held in the name of his daughter Karen, claiming that the properties were held in trust in his favour.
The owner of Laguna National Golf Resort Club is saying he is the true beneficial owner of the properties – a claim which would exclude them from being counted as part of Karen’s bankruptcy estate; it would also prevent their sale proceeds from being distributed among her creditors.
On Tuesday (Feb 4), the lawyers representing Kwee and those acting for his daughter’s estate gave their opening statements. The lawyers acting for the trustee also questioned Kwee.
Copyright SPH Media. All rights reserved.
