The five-year Lim family feud is set to end amicably, reported The Edge today.
The business daily said it sighted court documents that the two factions in the dispute have agreed to a global settlement of all claims and counterclaims against each other.
There are nine suits between the two sides.
According to the report, one side comprised the three grandchildren of the late Genting group patriarch Lim Goh Tong, from his eldest son, the late Lim Tee Keong.
The three siblings are Joey Lim Keong Yew, Benjamin Lim Keong Hoe and Marie Lim Seok Leng.
On the other side are their uncles Lim Kok Thay, who is chairman and chief executive of Genting Berhad, and Lim Chee Wah as well as other related parties.
Goh Tong’s wife Lee Kim Hua, who died two years ago, is also named in some of the suits.
The report said a consent order filed with the Kuala Lumpur High Court on July 1 for one of the suits, a settlement was reached without liberty to file afresh.
The document also states that the settlement was endorsed by high court judge S Nantha Balan, who was the mediator.
The report said the parties had undergone three rounds of mediation before arriving at the terms of settlement. However, the exact terms of settlement are not known yet.
It is understood that the grant of probate for Lee’s estate was also issued by the court last Thursday. – TMI