Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Gambing losses
  • 30 Apr 2024

    LCC v. LTLA

    Citation
    [2024] HKCA 406
    Court
    Court of Appeal
    Case number
    CACV281/2022

    The Court allowed the appeal in part: the judge’s notional add‑back of HKD96,590,486 for gambling losses was set aside because W failed to prove by clear evidence that H’s conduct amounted to wanton or reckless dissipation causatively depleting the matrimonial pot; accordingly the matrimonial pool was recalculated and the lump sum payable by H was reduced to HKD266,264,000 with a revised payment timetable and specified costs orders.