Read the full judgment text of FCMC 5380/2019 on BabelCite. This Family Court judgment was delivered on 20 August 2021 before Her Honour Judge Grace Chan.
Matrimonial Causes – Ancillary Relief – Sharing of Assets – Conduct – MPPO s.7 – 29-year marriage – Matrimonial home sale – 26 loans by husband – Departure from equal sharing – MPF liquidity discount – Costs – Court held 26 loans were family debts and wife was aware. Conduct alleged by wife did not meet 'obvious and gross' threshold for departure from equal sharing. MPF discounted 30% for illiquidity. Net assets ~$17.57m shared 51.5% Wife, 48.5% Husband. No order as to costs.
Legal issues: Size of matrimonial pot (26 loans) · Departure from equal sharing due to conduct · MPF liquidity discount · Loan repayment after separation · Costs
Outcome: Ancillary relief granted. Matrimonial home sold. Assets shared 51.5% Wife, 48.5% Husband. No costs order.
Cited by 9 cases · Cites 4 cases