Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Equal sharing

  • 30 Sept 2019

    吳 對 陳

    Citation
    [2019] HKFC 256
    Court
    Family Court
    Case number
    FCMC1192/2016

    Having adopted the valuation evidence for the former matrimonial home (HK$18,508,000), accepted the wife's disclosed bank/investment evidence (rounded to HK$8,000,000) and imputed dissipation of HK$700,000 for lavish purchases, the court determined matrimonial assets at HK$27,446,000, deducted the wife's debt to her daughter (HK$58,500) to reach distributable HK$27,387,500, applied the equal sharing principle yielding HK$13,693,750 each, credited the wife's existing assets (HK$28,000) and awarded a lump-sum maintenance payment by the husband to the wife of HK$13,666,000 payable within 30 days…

  • 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…