The president of Chinese food and beverage company Wahaha, Zong Qinghou, attending a press conference in Beijing on July 17, 2013. Wang Zhao/AFP via Getty Images
Hong Kong’s High Court has barred Wahaha chairwoman Kelly Zong Fuli from accessing a $1.8 billion HSBC account—assets which lie at the heart of an inheritance dispute involving China’s largest private beverage company.
Deputy High Court Judge Gary CC Lam on Aug. 1 granted the freeze order, which will remain in place pending rulings by the Hangzhou court, as key issues hinge on mainland Chinese law, according to the 42-page ruling.
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