A $95 million mansion in Sydney’s Point Piper has ended up in a legal maze that now stretches from the NSW Supreme Court to insolvency proceedings. The house, known as Edgewater, sits at the centre of disputes over ownership, debt and a web of corporate and personal ties.
A luxury home with no simple owner
Point Piper resident John Changjin Li has long used layered corporate structures and personal arrangements to claim one of the city’s priciest homes. But the structure around Edgewater has only become more tangled after liquidators were appointed to the company that held the property.
Li’s estranged wife, Maria Meihong Yang, said on Friday that Point Piper One Pty Ltd, the entity linked to the house, had entered creditor’s…