Read the full judgment text of HCMC 8/2016 on BabelCite. This High Court CFI judgment was delivered on 19 July 2018 before Anthony Chan J.
Matrimonial Causes – Ancillary Relief – s.17 Matrimonial Proceedings and Property Ordinance – Beneficial Ownership – Disputed Properties – Trust Fund – Financial Needs – Lump Sum Award – Fair Division – Non-matrimonial Assets – Childless Marriage – Wife’s Earning Capacity – Mother’s Life Interest – HK$24 million Award – Costs – Application dismissed regarding asset transfers – Trust not a resource – Needs assessed at HK$110,000 monthly excluding accommodation – Lump sum of HK$10 million for needs plus HK$14 million for accommodation – Total HK$24 million – Departure from equal sharing not required due to non-matrimonial assets.
Legal issues: s.17 Application · Trust Fund · Parents' Home · Wife's Needs · Fair Division
Outcome: Application under s.17 dismissed; Wife awarded lump sum of HK$24 million
Cited by 6 cases · Cites 2 cases