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Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

Family-controlled investment company Wendel said that it would appeal a €1.5 million fine imposed by the French market regulator AMF, as it attempts to bolster its reputation.

The founding family of Hermes International, the luxury scarves and handbag maker, was granted the right on 6 January to create a holding company to pool family shares without having to bid for the rest of the company.

Hyundai Group, the South Korea-based conglomerate controlled by the Chung family, had its bid to block the sale of Hyundai Engineering & Construction to rival Hyundai Motor rejected by a court in Seoul on 4 January.

A $2 billion-plus lawsuit filed against family-controlled automobile giant Porsche was dismissed by a US federal judge on 30 December 2010.

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