Read the full judgment text of FCMC 2978/2005 on BabelCite. This Family Court judgment was delivered on 29 July 2013 before 翁喬奇.
Matrimonial proceedings – clarification of ancillary relief order – asset sale versus lump sum payment – distribution of proceeds – extension of time for sale – reserve price – costs – Petitioner sought clarification on 2011 order regarding asset division between Kam Lok Estate and Canton Road property – Court held assets must be sold rather than bought out by Respondent – Summons 1 granted regarding sale timing and deductions – Summons 2 dismissed as no clarification needed – Extension of 9 months granted for public auction – Reserve price set at 80% of valuation – No order as to costs.
Legal issues: Clarification on payment vs sale of assets · Clarification on fund distribution timing · Extension of time and reserve price
Outcome: Summons 1 granted in part; Summons 2 dismissed; No costs order. Extension granted for sale of property.
Cited by 6 cases