One month to sort it out or your goose is cooked: Court green lights wind up for Hong Kong’s iconic Yung Kee Restaurant
Hong Kong's top court gives feuding brothers 28 days to finally resolve long-running dispute - or famous roast goose eatery will be auctioned
The legal battle between two brothers over Hong Kong's famous Yung Kee roast goose restaurant took a dramatic twist yesterday when the city's top court gave the go-ahead for it to be wound up.
But the five judges on the Court of Final Appeal delayed issuing a formal winding-up order to give both parties 28 days to discuss the possibility of one side buying out the other's shares.
If a deal cannot be reached, the liquidator will put the Central restaurant - run by the Kam family that founded it 73 years ago - up for auction.
Background: End of a Hong Kong-style roast goose saga as court allows family restaurant to be wound up
Leung Sui-kwan, widow of Kinsen Kam Kwan-sing who launched the original legal action in 2010 against younger brother Ronald Kam Kwan-lai, said: "The court's decision has given my late husband justice. I hope both sides can talk about the matter and seek a consensus. It takes two sides to do so, not just one."
The court battle revolved around a struggle between the brothers after their father, Kam Shui-fai, died in 2004. Ronald took his shareholding to 55 per cent by taking over a sibling's stake. He appointed his son as one of three directors alongside the brothers, leading to accusations from Kinsen that he was excluded from the management.
Kinsen, whose side owns 45 per cent, then filed a petition seeking to either have Ronald buy his shares or for the company to be wound up.
READ MORE: Appeal on the menu as Hong Kong’s famous Yung Kee roast goose restaurant back in court
