Read the full judgment text of FCMC 008775/1998 on BabelCite. This Family Court judgment was delivered on 21 June 2007 before Deputy Judge K. Levy.
Matrimonial law – Variation of maintenance – Full and frank disclosure – Financial circumstances – Lump sum – New family – Costs – Matrimonial Proceedings and Property Ordinance s.11(7) – District Court – Husband failed to disclose true financial position regarding Company U Limited and new wife's company M Ltd – Wife failed to account for Lump Sum usage – Court varied Wife's maintenance from $12,000 to $7,500 per month – Child maintenance continues at $13,000 per month until June 2007 – Petitioner pays costs of Application
Legal issues: Whether the Husband’s financial circumstances have deteriorated · Whether the Husband’s financial obligation has increased · Whether the Wife and B need to continue to depend on the Husband · Whether it is just to vary the payments
Outcome: Application granted in part. Wife's maintenance reduced to $7,500 per month. Child's maintenance continues at $13,000 per month until June 2007.
Cited by 4 cases