Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Matrimonial property valuation
  • 9 Aug 1999

    HKSAR v. LEE HANG WING

    Citation
    HKSAR v. LEE HANG WING
    Court
    Court of First Instance
    Case number
    HCMP2427/1997

    Despite reservations about valuing a joint tenancy interest as marketable realizable property, the court exercised its discretion to include the Respondent's bank balances and a nominal 50% share of the matrimonial property for a total confiscation order of $1,016,774.30, while refusing to issue any certificate of sentence or order for imprisonment in default at this stage and holding that enforcement (and any imprisonment application) must be dealt with later and may vary the recoverable amount.