宗氏百亿信托纠纷案存三大争议点

Core Viewpoint - The Hong Kong High Court ruled on a lawsuit involving the Zong family, focusing on the establishment of offshore trusts valued at $2.1 billion, with ongoing legal disputes between the parties regarding the trust's setup and asset management [2][3][22]. Group 1: Court Ruling and Key Information - The court ordered that the defendant cannot withdraw or encumber assets in the HSBC account, and this order remains effective until the outcome of related lawsuits in Hangzhou [2]. - The plaintiffs, Jacky Zong, Jessie Zong, and Jerry Zong, are the children of Zong Qinghou, while Kelly Zong is his daughter from another marriage [2][3]. Group 2: Evidence and Disputes - The plaintiffs claim that three offshore trusts worth $2.1 billion have not been successfully established, and there are disagreements on how to set up these trusts [3][12]. - The plaintiffs provided evidence including handwritten documents and agreements indicating that Kelly Zong was to establish the trusts, but she has not signed the necessary documents [11][12]. Group 3: Trust Structure and Legal Opinions - Legal experts discussed the concept of a "non-principal trust," where only the interest from fixed capital is distributed to beneficiaries, not the principal itself [15][16]. - The transition from a Private Trust Company (PTC) to a professional trustee is outlined, indicating a two-step process for establishing the trusts [18][19]. Group 4: Ongoing Legal Challenges - The case highlights potential legal jurisdiction issues, as the trust establishment involves both Hong Kong and mainland Chinese laws, which may complicate the proceedings [22]. - The court's ruling is seen as an initial victory for the plaintiffs, but significant disputes remain regarding the existence and management of the trusts [22].