8 Apr 2014
LMH v. LYC
- Citation
- LMH v. LYC
- Court
- Family Court
- Case number
- FCMC10733/2011
Court found parental financial assistance had largely ceased and was unlikely to resume in the foreseeable future except limited agreed $40,000$50,000 for the children; husbands major asset was an illiquid 25% minority shareholding in MP valued at HK$23,197,000 which could not be realised. Applying s.7 and LKW v DD steps the court assessed resources and needs, found a shortfall, applied a sharing approach but departed from equal division because the bulk of assets were external non-matrimonial family-gift/enterprise related. Court awarded the respondent 25% of overall matrimonial pot numeri…