Read the full judgment text of FCMC 4820/2018 on BabelCite. This Family Court judgment was delivered on 2 November 2021 before 區域法院暫委法官李家樂.
Matrimonial Proceedings and Property Ordinance (Cap 192) s.17 – Set aside transaction – Intent to defeat financial relief claim – Presumption of intent – Good faith of third party – Nil consideration – Default judgment – Costs. Application by First Respondent to set aside transaction transferring business assets of HP Limited to LMFG Limited for nil consideration. Court held transaction made with intent to defeat First Respondent's claim for financial relief under s.17(3) presumption. Third Respondent did not act in good faith. Transaction set aside. Assets treated as matrimonial property. Costs awarded to First Respondent.
Legal issues: Whether s.17 applies and whether Third Respondent acted in good faith · Whether setting aside affects financial relief
Outcome: Application granted. Transaction set aside. Assets treated as matrimonial property.
Cited by 1 case · Cites 1 case