Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Treatment of loans
  • 28 Nov 2014

    QCSL v. GCJ

    Citation
    QCSL v. GCJ
    Court
    Family Court
    Case number
    FCMC2157/2013

    The court found the payments from the wife's father were a loan (soft loan) repayable from the net proceeds before division; rental payments advanced for the wife and children were to be treated as expenses and not included in the wife's share; after repayment of HK$835,822 the remaining net proceeds (approx HK$3,810,350) were to be divided 65% to the wife and 35% to the husband; husband to pay child maintenance HK$6,000 per child per month; nominal spousal maintenance HK$1 per annum; other asset allocations and protections ordered as set out in the judgment.