Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Identification of matrimonial assets
  • 10 Dec 2019

    李 對 吳

    Citation
    [2019] HKFC 318
    Court
    Family Court
    Case number
    FCMC7232/2017

    Only the two properties (Imperial Court valued at HK$5,340,000 and Huali Garden at HK$4,700,000) constituted family assets; other alleged assets (gold and old banknotes) were not proven. Certain parental payments to husband were accepted as loans to the extent supported by bank records (HK$37,000 and HK$1,248,000 and a parental payment of HK$273,184.69), and wife’s loan from her sister (HK$400,000) and Huali mortgage (HK$1,330,000) were family debts. Net family asset pool was calculated as HK$6,751,815.31. Applying the presumption of equal sharing but departing to give the wife 45% on the fac…