Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Beneficial ownership issues
  • 16 Feb 2024

    LCTD v. CKMC

    Citation
    [2024] HKFC 31
    Court
    Family Court
    Case number
    FCMC6340/2018

    The judge applied the statutory power under s.3 MPPO and the established interim maintenance principles: accepted the husband’s reasonable monthly needs (HK$130,000) and his current earnings (HK$30,000) producing a shortfall of ~HK$100,000, and found the wife has sufficient means such that an interim award should be made; on LCP the judge limited the quantum because the beneficial ownership/value of key assets was disputed and the SJE report reduced the valuation, so awarded a focused LCP to cover the imminent June 2024 preliminary trial (30% of claimed costs up to that hearing) resulting in…