29 Jan 2015
YYK V. TSCJ (now known as TKW)
- Citation
- YYK V. TSCJ (now known as TKW)
- Court
- Family Court
- Case number
- FCMC5141/2010
Court found on balance that the HK$600,000 was held on trust for the Wife's father and not matrimonial; the Husband had materially failed to disclose assets and owned an ABC (RMB) bank account and other undisclosed transactions totalling HK$1,898,088 which, together with disclosed assets and sale proceeds, yielded total matrimonial assets of approx. HK$2,718,000; applying the sharing principle with a justified 10% departure in favour of the Wife, the court awarded the Wife 60% (HK$1,627,200) as lump sum and periodical payments of HK$15,000 per month, ordered costs to the Wife and granted a s1…