Granddaughter of Hin Leong founder O.K. Lim fails to keep 3 insurance policies from creditors’ reach

Article Publish Date: Jul 02, 2025

Summary

Here’s what you need to know at a glance

• Michelle Lim failed to protect three AIA policies from her father Lim Chee Meng's bankruptcy estate, as the court found no prior trust intent.

• The High Court judge dismissed Ms Lim's evidence, including letters and emails, as "self-interested representations" made after bankruptcy proceedings started.

• Bankruptcy trustees have taken the position that the three insurance policies vest in Lim Chee Meng’s bankruptcy estate. SINGAPORE – The daughter of bankrupt former Hin Leong Trading director Lim Chee Meng failed in a bid to shield three AIA Singapore insurance policies worth over half a million dollars from being part of Mr Lim’s bankruptcy estate.

  Ms Michelle Lim Yan Yi, the granddaughter of Hin Leong founder Lim Oon Kuin, sought a High Court declaration that the three policies, worth over $521,000, should be ring-fenced from creditors’ reach because they were held on trust for her benefit by her father, who was declared bankrupt in December 2024.

  The three policies are part of a set of eight insurance policies with AIA that Mr Lim Chee Meng had taken out when Ms Lim was a minor, under which he was the policy owner and she was the named insured. Read the full article by Grace Leong at: https://www.straitstimes.com/singapore/courts-crime/granddaughter-of-hin-leong-founder-o-k-lim-fails-to-keep-3-insurance-policies-from-creditors-reach Disclaimer: This article is the intellectual property of its original author and publisher. We do not edit, create, or claim ownership of this content. All rights remain with the original author and publisher. This link is provided solely for reference and informational purposes. If you are the rights holder and believe your work has been misused, please contact us and we will remove the link promptly.