11 Apr 2022
CYCT v. FHJAL
- Citation
- [2022] HKFC 76
- Court
- Family Court
- Case number
- FCMC16235/2012
The court accepted there was a material, unforeseen deterioration in the husband’s financial position (sale of TMHK and termination of employment), accepted that the wife’s asset position had substantially improved, accepted evidence of a reduction or tacit agreement reducing maintenance to US$5,500 from early 2016/2017 and exercised its s11 discretion to vary the periodic payment to US$5,500 from 4 April 2019 until 10 April 2022 and thereafter to a nominal HK$1 per annum from 11 April 2022, with no further CPI adjustments.