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A Hong Kong property tycoon has been forced to prematurely hand over the reins of the family businesses after being convicted of bribing a senior official and money laundering by a Macau court.

A Hong Kong property tycoon has been forced to prematurely hand over the reins of the family businesses after being convicted of bribing a senior official and money laundering by a Macau court.

A court in Stuttgart, Germany, has dismissed a lawsuit brought against Porsche SE – the investment company that controls the eponymous German carmaker – by a group of hedge funds seeking €1.4 billion in damages.

A court in Stuttgart, Germany, has dismissed a lawsuit brought against Porsche SE – the investment company that controls the eponymous German carmaker – by a group of hedge funds seeking €1.4 billion in damages. 

Third-gen Market Basket chief executive Arthur T DeMoulas has suffered a blow in the latest round of the longstanding feud with his cousin Arthur S over the running of the multi-billion-dollar family business – a supermarket chain based in Massachusetts, US.

A €1.8 billion lawsuit filed by seven hedge funds against family business third-gens Wolfgang Porsche and Ferdinand Piëch for alleged market manipulation is without merit, according to Porsche – the family-controlled German car company.

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.  

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