Read the full judgment text of FCMC 7235/2015 on BabelCite. This Family Court judgment was delivered on 16 May 2019 before Deputy District Judge Doris To.
Matrimonial proceedings – Ancillary relief – Matrimonial Proceedings and Property Ordinance s.7 – Identification of assets – Dissipation of assets – Sharing principle – Departure from equal division – Conduct – Primary carer contribution – Child maintenance – Non-disclosure – Orders for sale of matrimonial home and lump sum payment – CSY v CPK – H's shares in A Ltd excluded from pot but income considered – H dissipated $3.5M – $1M loan from parents treated as gift – Conduct not gross and obvious – Primary carer contribution not departure factor – No add-back for W's withdrawal – Home sold, proceeds shared equally – H pays $1.75M lump sum and $67k monthly child maintenance secured.
Legal issues: Identification of assets · Dissipation of assets · Loans from parents · Departure from equal division (Conduct) · Departure from equal division (Primary carer) · Add-back of W's withdrawal
Outcome: Ancillary relief granted. Former Matrimonial Home sold. Net proceeds shared equally. H pays lump sum $1,750,000, arrears of maintenance, and child maintenance $67,000 per month secured.
Cited by 1 case · Cites 2 cases