Read the full judgment text of FCMC 13455/2011 on BabelCite. This Family Court judgment was delivered on 3 December 2013 before Deputy District Judge Grace Chan.
Matrimonial proceedings – ancillary relief – length of marriage – source of assets – equal sharing principle – lump sum order – District Court – Matrimonial Proceedings and Property Ordinance (Cap 192) s.7 – LKW v DD [2010] 13 HKCFAR 537 – The court determined the length of marriage to be 9 years and 9 months, rejecting the wife's claim of separation in 2003. The court found the wife's assets were sourced from the husband, not her family, due to lack of documentary proof for family gifts. The equal sharing principle was applied to the matrimonial pot of approximately HK$49.8 million. The husband's open proposal of HK$16,970,000 was accepted as a clean break arrangement. The wife was ordered to pay the lump sum in two installments and bear the husband's costs.
Legal issues: Length of marriage · Source of wife's assets · Separate finances · Concealment of assets · Financial provision order
Outcome: Wife ordered to pay lump sum of HK$16,970,000 to Husband; ancillary relief claims dismissed.
Cites 2 cases