Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Repurchase by spouse
  • 29 Jul 2013

    李 對 何

    Citation
    李 對 何
    Court
    Family Court
    Case number
    FCMC2978/2005

    The court held the 2011 ancillary relief order required sale of the two matrimonial properties and distribution of net proceeds in accordance with the adjudicated percentage (as altered to 60:40 by the Court of Appeal); the order did not permit the respondent to discharge obligations by a single lump‑sum payment or by paying only 60% as a private repurchase; purchases must be effected by open market sale at not less than 80% of the valuer's reported valuation; accordingly the court granted parts 2–4 of summons 1, dismissed summons 2, granted a nine‑month extension to permit public auction of…