Read the full judgment text of FCMC 3527/2019 on BabelCite. This Family Court judgment was delivered on 28 April 2023 before Her Honour Judge Grace Chan.
Matrimonial Causes – Ancillary Relief – Clean Break – Spousal Maintenance – Asset Distribution – Long Marriage – Financial Needs – District Court. – Whether clean break or periodical payments appropriate – Court finds clean break appropriate given parties' advanced age and husband's retirement at 65 – Wife receives 60.6% of assets including Shamshuipo Property and $4.72 million lump sum – Wife bears costs of trial.
Legal issues: Clean break vs periodical payments · Assessment of financial needs · Asset distribution
Outcome: Clean break order made; Husband transfers Shamshuipo Property to Wife; Wife transfers Tai Po Property to Husband; Husband pays Wife lump sum $4.72 million; Wife bears costs of trial.
Cited by 4 cases