Why do mainland China’s wealthiest families pick Hong Kong courts to mediate their feuds?
An increasing number of wealthy mainland families are coming to Hong Kong for mediation services
“There is an increased demand for family mediation services in Hong Kong in recent years, particularly from [mainland] Chinese families,” said Ann Cooley, founder of Hong Kong-based Cooley Family Office, which has offered mediation services to help family offices handle their disputes for three decades.
“Hong Kong is going to benefit from such a trend because the city is an international mediation centre with many experts in this area,” Cooley said in an interview on Thursday.
The hidden disputes of wealthy mainland families have come under the microscope recently with the legal battle surrounding the family of Zong Qinghou, the late founder of China’s biggest beverage company, Hangzhou Wahaha Group, barely 12 months after his death.