Shares in Hong Kong - Probate

nico1977

Hi

Not sure who to ask and who can help so please bear with me. My mother in law has some shares left to her following her husband passing away. We have tried to get the shares put into my mother in laws name so she can sell them but we have been told that this isn’t possible unless the seal the probate in Hong Kong. We looked in to it but this was going to cost around £3k - £4K sterling which is more than the shares are worth.

We have exhausted every avenue to sort this, she is wanting to sell them has anybody any ideas?

Thanks in anticipation.

brasso

It will be hard for anyone to advise without more information. You would need to explain what HK has to do with it, what the shares are in, how they were bought etc. Also, who has advised you so far? If you've been to a lawyer and given them full details, I'm not sure if you'll get much more from an internet forum.

But good luck.

elephantrosie

i am also in a similar situation. let me know if you get the answer please.

xylophone

https://uk.practicallaw.thomsonreuters.com/8-504-1874?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1

The deceased was domiciled in UK but owned shares in a Hong Kong company?

It appears that the UK grant will need to be resealed in Hong Kong.

Generally, a Hong Kong grant is required to administer property owned by the deceased situated in Hong Kong.


If the deceased died domiciled in any of the following countries, and a grant has been obtained in that country, an application can be made for that grant to be resealed, so that it can be used to administer the estate in Hong Kong:

the states of Tasmania, Victoria and South Australia and the Northern Territory of Australia;
New Zealand;
Singapore;
Sri Lanka;
the UK.


Covered here and in other sites

https://www.ukprobatereseals.co.uk/resealing-hong-kong

elephantrosie

thanks. what does resealing a grant mean?