3 Jul 2015
AVT then known as MAM v. VNT
- Citation
- AVT then known as MAM v. VNT
- Court
- Court of Appeal
- Case number
- CACV234/2014
On appeal the court held the original award was erroneous in principle insofar as it provided HK$7.2m for purchase of a flat; applying LKW/WLK guidance the wife's needs were assessed at HK$5.5m with an additional HK$500,000 for sharing from largely non-matrimonial assets, producing a substituted final capital award of HK$6,000,000; the expert's adoption of a going-concern valuation assuming eventual disposal of the Kowloon Centre asset was justifiable and no further minority discount was required as facts indicated a quasi-partnership context.