Read the full judgment text of FCMC 1410/2019 on BabelCite. This Family Court judgment was delivered on 8 November 2024 before Her Honour Judge Thelma Kwan.
Matrimonial Causes – Ancillary Relief – Matrimonial Proceedings and Property Ordinance – Division of Assets – Needs Principle – Sharing Principle – Non-disclosure – Adverse Inferences – Capitalized Maintenance – Litigation Conduct – Lump Sum Award – Indemnity Costs. Petitioner wife and Respondent husband married in 2014 with two children. Petitioner relocated to UK with children in 2021. Respondent absent, failed to disclose assets, dissipated properties and company shares, moved to Thailand. Petitioner sought lump sum and capitalized maintenance. Court applied LKW v DD five-step approach. Court found needs case trumped equal sharing principle. Court drew adverse inferences against Respondent due to non-disclosure and litigation misconduct. Capitalized maintenance awarded for children. Lump sum of $56,152,000 awarded to Petitioner. Costs awarded on indemnity basis. – Lump sum award of $56,152,000 granted; capitalized maintenance for children; indemnity costs.
Legal issues: Application of Sharing Principle vs Needs Principle · Non-disclosure and Adverse Inferences · Capitalization of Children's Maintenance
Outcome: Lump sum award granted to Petitioner; Capitalized maintenance awarded for Children; Costs awarded on indemnity basis.
Cited by 9 cases · Cites 1 case