This article only represents the author's own views.
A Shanghai family dispute that has left a luxury development in limbo is casting a spotlight on the legal quagmires that some of China’s earliest and most successful private companies may face as their aging founders start passing on their wealth to the next generation.
The case, involving a Shanghai-based company called Shanghai Jiacheng Zhaoye Real Estate Co. Ltd. (上海嘉城兆業房地產有限公司), includes a bit of everything. At its core is a falling out between Hu Lan, the wife of Jiacheng founder Gao Jiaren, also known as Karl Golden, and Gao’s son, a 54-year-old Chinese-born man with the similarly foreign-sounding name of David Golden.
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