8 Jun 2021
程 對 陳
- Citation
- [2021] HKFC 114
- Court
- Family Court
- Case number
- FCMC13480/2016
The court held there was insufficient evidence that the respondent's remortgage and subsequent expenditure amounted to the sort of wanton, deliberate dissipation that justifies add-back; therefore remortgage proceeds were not re-attributed. The court accepted the agreed current market value and bank evidence of mortgage balance, fixed matrimonial assets at HK$1,800,000, applied equal sharing to give the applicant HK$900,000, reduced that by HK$375,000 for concealed savings, and ordered the respondent to pay the applicant HK$525,000 within one month.