H v. W and Others

Read the full judgment text of HCMC 6/2008 on BabelCite. This High Court CFI judgment was delivered on 10 September 2013.

1. In paragraph 576, the following amendments be made:

Cites 1 case

Case No.HCMC 6/2008
Court
High Court CFI
Date10 Sep 2013
Judge
Case Document
100%Judiciary

HCMC 6/2008

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

MATRIMONIAL CAUSES NO 6 OF 2008

____________

BETWEEN

  H Petitioner

and

  W 1st Respondent
  K 2nd Respondent
  B 3rd Respondent
____________
Before: Hon Au-Yeung J in Chambers (Not open to public)
Dates of Hearing: 12-16, 19-23, 26-30 November 2012 and 3-7, 12-14 December 2012
Date of Judgment: 10 September 2013
Date of Corrigendum: 11 September 2013
Date of 2nd Corrigendum: 29 November 2013

____________________________

2nd C O R R I G E N D U M

____________________________

1.In paragraph 576, the following amendments be made:

(i) the figure “+ HK$1.94m” should be deleted;

(ii) the figure “+ HK$22.99m” be replaced with “+ HK$5,900,000”;

(iii) consequent to the above corrections, the figure “HK$58.25m” be replaced with “HK$39.22m”.

2.Annex B be corrected as follows:

(i) Unsubstantiated Payments over HK$1m: the figure “HK$58.25 million” be replaced with “HK$39.22m”;

(ii) Growth rate for 1 year: the figure “HK$4.07 million” be replaced with “HK$2,745,444”;

(iii) SEC Group: the figures “HK$42.23 million” be replaced with “HK$6.88 million”;

(iv) Total Undisclosed Assets (Principal) (B): the figure “HK$105.01 million” be replaced with “HK$49.31 million”;

(v) Total (A+B+C): the figure “HK$516.84 million” be replaced with “HK$461.14 million”;

(vi) Applying sharing principal with Trust varied:

the figure “HK$258.42 million” be replaced with “HK$230.57 million”.

3.In paragraph 695, the calculation of the 1st respondent’s Duxbury needs: “HK$182,820,982 ÷ HK$494,000 x HK$800,000 = HK$296,066,368, rounded up to HK$296m be deleted and replaced by the figure of “HK$413.38m”.

4.In paragraphs 758 and 761, the reference of the figure of “HK$296m” be deleted and replaced by the figure of “HK$413.38m”.

5.In paragraph 756, the last sentence should read: “The whole matrimonial estate is worth over HK$461.14m.”

6.In paragraph 761, the last sentence should read: “The total needs, apart from housing, will be HK$571.38m.”

7.Amended Annex B is annexed to this Corrigendum.

  (Hung Fong-ping)
    Clerk to Hon Au-Yeung J


Annex B

(Section E1, E4.3)

Summary of the Assets and Liabilities of the Petitioner and the 1st Respondent as at 30 September 2012 (With Principal and Alleged Growth Using Market Research Approach)


Assets/ Liabilities
Updated Valuation (based on the latest valuation reports and bank/ securities account statements as
         at 30 September 2012)        
  HK$ (million)
Total Disclosed Assets 309.00
Provision for Tax Indemnity (6.50)
Total Disclosed Liabilities
(from Exhibit schedule A1)
9.50
Net Disclosed Assets              (A) 293.00


Undisclosed Assets HK$ (million)
Unsubstantiated Payments over HK$1m (HK$104.10 principal)
Growth rate for 1 year
39,220,630
 
2,745,444
 
Unsubstantiated payments below HK$1m (HK$1.25 principal) Nil  
Unidentified Payments (HK$12.97 principal) Nil  
CSE ?  
SECAHL Group (HK $60.9m principal) Nil  
SECHK (HK$10.44m principal) Nil  
SEC Group (HK$42.23m principal)
No growth rate
6.88  
C Group ?  
B Ltd + final bonus for 2007 ?  
ABN Amro Bank Account ?  
SCayman? ?  
sCV? ?  
K and B’s legal costs Nil  
Closing balance SEC account of CT Ltd ($356,771 + growth) 0.46  
Total Undisclosed Assets (Principal)              (B) 49.31 +


Bettina Trust Companies (237.65m x 50%)  (C) 118.83
Total (A + B + C) 461.14+
Applying sharing principal with Trust varied 230.57+
Cites 1 case

Cases cited in this judgment

Other Judgments in This Case

Further hearings and rulings under HCMC 6/2008