24 Jun 2022
LCC v. LTLA
- Citation
- [2022] HKCFI 1922
- Court
- Court of First Instance
- Case number
- HCMC4/2019
The court found on the evidence that MIL, WEL and SEHL were materially mingled and integrated during a 30-year marriage so all three companies are matrimonial assets; the Husband engaged in wanton and reckless gambling dissipating HK$96,590,486 which must be added back to the matrimonial pot; the post-separation director's loans are not the Wife's liability and the Husband failed to account for most of them; applying the sharing principle and balancing monetization risk, the court ordered a lump sum of HK$292,000,000 to the Wife (split approximately 49.5% Wife : 50.5% Husband) payable in stag…