Read the full judgment text of HCMC 000003/1995 on BabelCite. This High Court CFI judgment was delivered on 12 November 1999 before Deputy Judge Woolley.
Matrimonial Causes – Variation of Ancillary Relief – Material Change in Circumstances – Maintenance – Security – Respondent's assets reduced from $124 million to $7 million due to property market decline – Court finds material change justifies reduction in maintenance from $18,500 to $13,500 per child – Petitioner's application for security dismissed as Respondent's assets insufficient to cover lump sum without jeopardizing recovery – Respondent remains responsible for education costs with Petitioner sharing extra-curricular expenses – Costs reserved.
Legal issues: Variation of Maintenance Order · Security for Maintenance · Costs
Outcome: Respondent's application to vary maintenance allowed in part; Petitioner's application for security dismissed.