Read the full judgment text of FCMC 15256/2014 on BabelCite. This Family Court judgment was delivered on 24 May 2016 before 區域法院暫委法官張志偉.
Ancillary relief – Matrimonial Proceedings and Property Ordinance (Cap 192) s.7 – Beneficial ownership – Trust vs Gift – Concealment of assets – Equal sharing principle – LKW v DD – 30 year marriage – Male pays Female HK$4,928,500 – Singapore property sold and proceeds split 50/50 – Costs to Male – Male claimed properties held on trust for mother but court found beneficial ownership belonged to male – Male concealed bank deposits totaling approx HK$3.9 million – Court applied equal sharing principle due to 30 year marriage and equal contribution – No sufficient reason to deviate from 50/50 split – Singapore property valued and ordered to be sold to facilitate division
Legal issues: Beneficial ownership of properties · Concealment of assets · Application of equal sharing principle · Deviation from equal sharing principle
Outcome: Male ordered to pay Female lump sum of HK$4,928,500. Singapore property ordered to be sold with proceeds split 50/50. Costs awarded to Female.
Cites 4 cases