In July 2012, Mr Yang managed to obtain a Lasting Power of - TopicsExpress



          

In July 2012, Mr Yang managed to obtain a Lasting Power of Attorney which gave him full control over at least $40 million of Mdm Chung’s assets. This means after July 2012, Mr Yang can pretty much do whatever he wants with Mdm Chung’s assets, since he has the official legal power over the assets. Before July 2012, however, it means Mr Yang had no control of the assets and if he wanted to dispose any of them, he would legally need the permission or consent from the asset owner, in this case, Mdm Chung.
Posted on: Sun, 14 Sep 2014 12:46:31 +0000

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