Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Piercing corporate veil / director's loans
  • 4 Feb 2019

    WPN v. YKYB

    Citation
    [2019] HKFC 33
    Court
    Family Court
    Case number
    FCMC3308/2016

    Applying the statutory broad‑brush approach and authorities, the court reduced the petitioner's budgetary items judged excessive, fixed a reasonable maintenance pending suit for the petitioner at HK$32,000 per month (first payment backdated to 1 February 2018, payable monthly thereafter) after finding the respondent, as sole controller of the company, could access corporate funds used for his benefit and therefore had the ability to pay. The court found Currey criteria met for litigation funding but limited the award to a realistic estimate for funding up to the adjourned PTR (not to final de…