Read the full judgment text of FCMC 5641/2001 on BabelCite. This Family Court judgment was delivered on 7 May 2010 before HH Judge Bruno Chan.
Matrimonial proceedings – Ancillary relief – Division of assets – Real properties – Elderly home businesses – Section 17 Matrimonial Proceedings and Property Ordinance – Litigation conduct – Costs – Whether value of businesses and profits should be added back – Whether funds withdrawn should be added back – Assessment of contributions – Equal division principle – Wife's litigation misconduct – Order for costs – Total assets valued at HK$42.4 million – Equal division of remaining properties with businesses value added to Wife's share – Wife to pay Husband's costs.
Legal issues: Valuation of Elderly Home Businesses · Add Back of Profits · Add Back of Withdrawn Funds · Assessment of Contributions · Litigation Conduct · Costs
Outcome: Ancillary relief granted; assets divided between parties.
Cites 1 case