Read the full judgment text of FCMC 11056/2017 on BabelCite. This Family Court judgment was delivered on 20 September 2019 before His Honour Judge I Wong.
Ancillary Relief – Matrimonial Assets – Non-Matrimonial Property – Compensation – Relationship-Generated Disadvantage – Clean Break – District Court – Matrimonial Proceedings and Property Ordinance – Family Financial Resource – Future Inheritance – The court determined the division of matrimonial assets and maintenance following divorce. Key issues included whether pre-marital and post-separation assets should be included, compensation for relationship-generated disadvantage, and the weight of family financial assistance. The court held pre-marital assets should be excluded, awarded 5% of matrimonial assets as compensation for the wife's career sacrifice, and found future inheritance too uncertain. Orders included a lump sum payment of $7,366,200 and monthly child maintenance of $33,300, with no order as to costs.
Legal issues: Inclusion of non-matrimonial assets · Compensation for relationship-generated disadvantage · Financial assistance from wife's family · Future inheritance from wife's parents
Outcome: Ancillary relief granted; lump sum and periodical payments ordered; costs no order.
Cited by 21 cases · Cites 6 cases