19 Jun 2017
MGB aka MAG v. GCB
- Citation
- MGB aka MAG v. GCB
- Court
- Family Court
- Case number
- FCMC5376/2015
Total matrimonial assets found to be approximately HK$65.8 million; Husband's extra‑marital expenses (HK$704,565) were added back; the Husband's loans/investments were not treated as reckless dissipation warranting add‑back but 50% of any recoveries must be paid to Wife when received; equal sharing principle applied; to give effect to equality Wife awarded a lump sum of HK$7.8 million (to bring her to HK$32.9m) payable within 3 months, plus capitalised maintenance of HK$4,560,000 payable in five annual instalments secured by life insurance undertaking; parties granted a clean break; Husband t…