Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Corporate ownership as financial resource
  • 1 Feb 2023

    SES also known as SBE-S v. HKL

    Citation
    [2023] HKFC 27
    Court
    Family Court
    Case number
    FCMC7243/2008

    The court found H breached the 2017 Variation Order by failing to inform the wife and court about GH; GH is profit-making and H as majority shareholder/director has access to its liquidity such that his resources can support maintenance. On reassessment of needs and resources the court varied the 2017 Order: spousal maintenance reduced to HK$36,000 pcm with backdating and arrears, child maintenance set at HK$35,000 pcm with backdating and specific payment routing to the child when studying overseas, ordered contribution to university fees of HK$300,000 per year with sharing formula above HK$6…