5 Sept 2011
HKSAR v. LO WAI MAN AND OTHERS
- Citation
- HKSAR v. LO WAI MAN AND OTHERS
- Court
- Court of Appeal
- Case number
- CACC411/2009
The Court affirmed that the prosecution proved the listed items were realisable property for the 1st and 2nd applicants; the 1st applicant failed to discharge his onus regarding Beverly Villas and HSBC safe deposit box assets; however, where property was the matrimonial home held in joint names the court held the spouse is prima facie entitled to a 50% beneficial interest and absent evidence of knowledge or other displacement that half is not realisable — thus half of the proceeds of Parc Royale and Casa Paradizo belong to the respective wives and only the applicants' 50% shares are subject t…