17 Jul 2014
LKW v. KY
- Citation
- LKW v. KY
- Court
- Family Court
- Case number
- FCMC530/2011
The court found on the balance of probabilities that the Respondent had not been the proprietor of the aquarium business, that most if not all of the RMB500,000 paid in 2009 has been spent on legitimate living, medical and legal expenses, that the Petitioner had understated distributable cash from his business and had failed to fully disclose potential beneficial interests in the Fumin and Lung Kong properties so adverse inferences could be drawn; applying section 7 factors and fairness the court ordered the Petitioner to continue mortgage payments and thereafter transfer his share of the for…