Read the full judgment text of FCMC 17011/2011 on BabelCite. This Family Court judgment was delivered on 30 June 2016 before Deputy District Judge G. Own.
Matrimonial proceedings – Ancillary reliefs – Family assets – Diversion of company receivals – Loan agreement – Non-disclosure – Costs – Parties married 2005 separated 2009 – Dispute over HK$1.6m loan agreement – Conduct regarding AMG company receivals diverted to SGFL – Status of SGFL and M&M as family assets – Non-disclosure of MH Factory – Items taken by Wife – Legal costs liability – Court found Husband failed to prove loan, conduct objectionable, SGFL/M&M not family assets, no non-disclosure, items value absorbed, legal costs liability accepted – Ancillary reliefs dismissed, walk away outcome – Costs apportioned 30% to loan issue
Legal issues: Existence of HK$1.6 million Loan Agreement · Conduct regarding diversion of AMG receivables · Status of SGFL and M&M as family assets · Non-disclosure of MH Factory interest · Effect of items taken by the Wife · Wife's liability for legal costs
Outcome: Ancillary reliefs dismissed; walk away outcome; no maintenance
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