Read the full judgment text of FCMC 11521/2015 on BabelCite. This Family Court judgment was delivered on 22 July 2025 before Her Honour Judge Elaine Liu.
Matrimonial Causes – Ancillary Relief – Beneficial Ownership – SSEL Shares – MPPO s.17 – Conduct – Costs – District Court. Long marriage divorce proceedings involving substantial assets including properties in Hong Kong, US and Mainland, and corporate vehicles. Preliminary issues on beneficial ownership of SSEL Shares determined. H transferred shares to ZL without notice. Court found W beneficially owned her share, H beneficially owned his share. Transfer to ZL set aside under s.17 MPPO as intention to defeat claim. Ancillary relief distribution: 57% to W, 43% to H due to H's financial non-disclosure and litigation misconduct. Costs awarded on indemnity basis against H and ZL. Orders for transfer of properties, companies, and lump sum payment.
Legal issues: Beneficial Ownership of SSEL Shares · Set Aside of Disposition under s.17 MPPO · Departure from Equal Sharing Principle · Costs Order
Outcome: Ancillary relief granted. W awarded 57% of assets. ZL ordered to transfer SSEL shares.
Cited by 1 case · Cites 17 cases