{"id":186,"date":"2016-04-29T03:24:19","date_gmt":"2016-04-29T03:24:19","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=186"},"modified":"2025-12-31T09:44:02","modified_gmt":"2025-12-31T09:44:02","slug":"chinese-family-feuding-over-japanese-reparations","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/04\/29\/chinese-family-feuding-over-japanese-reparations\/","title":{"rendered":"Chinese Family Feuding Over Japanese Reparations"},"content":{"rendered":"<div>\n<p>Mitsui OSK was founded as a key part of the Mitsui zaibatsu (family-owned conglomerate) during the early industrialization of Japan. The company is now independent of the zaibatsu, but remains part of the Mitsui keiretsu (group of aligned companies).<\/p>\n<p>Chen Shuntong was a shipping magnate in China, who landed as a refugee in Hong Kong 66 years ago. Chen owned four steamships, two of which were leased to Daido Kaiun, a Japanese shipping line, that later merged in Mitsui OSK. These two ships were commandeered by the Japanese Navy and were lost in WWII. The other two ships were scuttled by the defending Chinese army.<\/p>\n<p>After the war, the Chen family received token repatriation from the Chinese government. However the family waged a protracted legal battle against Mitsui OSK based on the 70 year old lease document. In 2014, the Sanghai Maritime Court impounded one of Mitsui OSK\u2019s bulk ore carriers and forced the company to pay 4 billion yen as repatriations to the descendants of Chen.<\/p>\n<p>Now Chen\u2019s family is feuding over how to divide the money. The branch of the family that remained in mainland China is threatening to challenge Chen\u2019s will, which left any proceeds from the case to descendants of his eldest son, who live in Hong Kong. The challengers claim the will violates mainland China\u2019s law on equal division of property to women.<\/p>\n<p><i>Source: Financial Times, April 26, 2016<\/i><\/p>\n<\/div>\n<p><i>\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mitsui OSK was founded as a key part of the Mitsui zaibatsu (family-owned conglomerate) during the early industrialization of Japan. The company is now independent of the zaibatsu, but remains part of the Mitsui keiretsu (group of aligned companies). Chen Shuntong was a shipping magnate in China, who landed as a refugee in Hong Kong [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese Family Feuding Over Japanese Reparations - Thomas Schmidheiny Centre for Family Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/04\/29\/chinese-family-feuding-over-japanese-reparations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Family Feuding Over Japanese Reparations - Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"og:description\" content=\"Mitsui OSK was founded as a key part of the Mitsui zaibatsu (family-owned conglomerate) during the early industrialization of Japan. 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