Lawyer: Evergreen Marine Corporation could incur losses if cross-affiliate deals are invalidated

Evergreen Group scion Chang Kuo-wei’s lawyer said that his client is suing the executors of his father’s will, which named him the successor to the late Chang Yung-fa’s business empire.

As a consequence, Evergreen Marine Corporation’s transactions with Panama-incorporated Evergreen International S.A. (EIS) could be nullified, resulting in losses over US$900 million.

EIS represents the interests of late Evergreen group founder Chang Yung-fa and his sons, Chang Kuo-hua, Chang Kuo-ming, Chang...

https://container-news.com/lawyer-evergreen-marine-corporation-could-incur-losses-if-cross-affiliate-deals-are-invalidated/

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