The sons of the late tycoon Henry Fok Ying-tung, at loggerheads over their father's extensive estate, will tell the Court of First Instance today whether they have reached an out-of-court agreement.
Their negotiations, which continued from Tuesday morning, were aimed at avoiding three lawsuits brought by Benjamin Fok Chun-yue (pictured) against his elder brother Ian Fok Chun-wan and other family members.
The estate consists of assets worth HK$1.4 billion and shares in Henry Fok Estates, a holding company.
Lawyers in the case appeared in court yesterday to ask for more time to reach an agreement, saying the negotiations had continued until 4am yesterday.
The proceedings had been adjourned until yesterday to let the negotiations proceed.
Yesterday, Michael Thomas SC, for Benjamin Fok, initially told the Court of First Instance that he and lawyers for the other parties wanted to submit a confidential document to the court, to support their application for an adjournment from yesterday until today and for extra hearing days if negotiations broke down.
He asked that the application be heard in the judge's room, or in court behind closed doors, to avoid public and media speculation.