Keeping the family business together
Distributing assets, using trusts and passing the baton before one passes on, are some ways to fend off family feuds.
ASIA has seen its fair share of family feuds. We witnessed sibling rivalry in the Samsung dispute when the founding patriarch passed on. In India, the Ambani brothers publicly clashed after the demise of their father, the founder of Reliance Industries group.
Of late, we see familial rows making headlines closer to home. The sons of the founder of Swee Kee Chicken Rice Restaurant went to court.
The heirs of the founder of the Genting Group are now embroiled in a more complicated tussle, reportedly involving certain beneficiaries being excluded from a trust and a will.
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