Read the full judgment text of HCA 003349/2003 on BabelCite. This High Court CFI judgment was delivered on 6 May 2004.
1. This is a rather sad case. The 1st defendant and the plaintiff are former husband and wife. They were married in July 1990 and have two children. They were and still are the only two shareholders and directors of the 2nd defendant ("the Company") which was acquired by them off-the-shelf in July 1991. On 1 May 1992, the Company bought a property ("the Property") for HK$5.25 million, with a mortgage of HK$2.5 million repayable over 10 years. The Property was used as their matrimonial home.
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