13 Jan 1995
FEI TAI CHUNG v. GLORIA FEI then GLORIA YUN GEE
- Citation
- FEI TAI CHUNG v. GLORIA FEI then GLORIA YUN GEE
- Court
- Court of Appeal
- Case number
- CACV170/1994
The Court of Appeal held that the trial judge's award for the wife's interest in the matrimonial home (effectively HK$5.6m) imposed an unjust and excessive burden on the husband given his lack of liquid assets and the practical cost of servicing a mortgage; the judge ought to have given weight to the husband's illiquid US$500,000 joint venture investment as a foreseeable source of return. Balancing the parties' needs under s.7(1) and the objective of a fair 'clean break', the appeal was allowed in part and the lump sum attributable to the wife's interest in the flat reduced to HK$4,000,000.