Read the full judgment text of FCMC 9979/2017 on BabelCite. This Family Court judgment was delivered on 13 March 2020 before 翁喬奇法官.
Matrimonial proceedings – Ancillary relief – Property division – Equal sharing principle – Financial needs – Costs – Matrimonial Proceedings and Property Ordinance (Cap 192) – LKW–v– DD (FACV No.16/2008) – Former matrimonial home valued at HK$5,000,000/HK$7,000,000 – Petitioner claimed HK$192,000 redemption of mortgage – Respondent claimed HK$3,500,000 debt rejected – Court applied equal sharing principle – Property sold and proceeds split 50/50 after deduction – Respondent ordered to pay Petitioner's costs
Legal issues: Determination of Matrimonial Assets and Liabilities · Assessment of Financial Needs · Application of Equal Sharing Principle · Ancillary Relief Orders · Costs
Outcome: Property to be sold; net proceeds split 50/50 after deducting HK$192,000 to Petitioner; Respondent pays Petitioner's costs.
Cited by 1 case