Read the full judgment text of FCMC 3361/2021 on BabelCite. This Family Court judgment was delivered on 4 August 2023 before 區域法院暫委法官彭家光.
Matrimonial proceedings – Ancillary relief – Asset division – Delay – Breakup agreement – Equal sharing principle – Petitioner aged 80, Respondent aged 81 – Marriage since 1967 – Separation around 1999 – Dispute over 1999 property transfer agreement – Court found no binding agreement but acknowledged intent for support – Respondent sold matrimonial home in 2018 after receiving legal notice – Court found intent to dissipate assets – Petitioner delayed application for 20 years – Court awarded Petitioner 20% of family assets (HK$2,560,000) – Clean break order – No order as to costs
Legal issues: Validity of 1999 Breakup Agreement · Asset Dissipation (5/F Sale Proceeds) · Division of Assets and Delay
Outcome: Respondent to pay Petitioner HK$2,560,000; Clean break; No order as to costs
Cites 2 cases