Read the full judgment text of FCMC 3929/2016 on BabelCite. This Family Court judgment was delivered on 24 February 2023 before District Judge S. Lo.
Matrimonial causes – Ancillary relief – Division of assets – Sharing principle – Child maintenance – Full and frank disclosure – District Judge S. Lo – FCMC 3929/2016 – Parties married 2006, one child – Family assets approx HK$58.5 million – Husband challenged valuations but failed to adduce contrary expert evidence – Court drew adverse inference against Husband for failure to disclose assets – Sharing principle applied with yardstick of equal division – Departure from equality justified due to Wife's higher financial needs and contributions – Wife awarded 54% of net sale proceeds of properties – Child maintenance set at HK$50,550 per month – No order as to costs.
Legal issues: Valuation of Family Assets · Duty of Full and Frank Disclosure · Application of Sharing Principle and Departure from Equality · Assessment of Child Maintenance
Outcome: Ancillary relief granted. Sale of properties ordered. Wife awarded 54% of net proceeds. Child maintenance ordered.
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