Read the full judgment text of FCMC 14816/2016 on BabelCite. This Family Court judgment was delivered on 5 February 2021 before 蘇嘉賢.
Ancillary relief – Matrimonial Proceedings and Property Ordinance (Cap 192) – Full and frank disclosure – Asset pool – Economic needs – Sharing principle – Lump sum – Former matrimonial home – Petitioner (Wife) sought ancillary relief against Respondent (Husband). Dispute arose over disclosure of assets and liabilities. Court found Respondent failed to make full and frank disclosure of economic situation, drawing adverse inference. Net asset pool determined at HK$9,864,431. Court assessed Wife's earning capacity and economic needs, adjusting her claimed expenses. Court awarded Wife 60% share of net assets, retention of former matrimonial home, and lump sum of HK$2,000,000 payable in installments. Husband ordered to bear all children's expenses. Costs awarded to Wife.
Legal issues: Full and Frank Disclosure · Determination of Net Asset Pool · Assessment of Economic Needs · Final Division of Assets
Outcome: Ancillary relief granted. Wife retains former matrimonial home. Husband pays lump sum.