Read the full judgment text of FCMC 12528/2011 on BabelCite. This Family Court judgment was delivered on 6 November 2014 before Her Honour Judge Sharon D. Melloy.
Matrimonial Causes – Ancillary Relief – District Court – Identification of assets – Matrimonial Property and Proceedings Ordinance, Cap 192 s.7 – Sharing principle – Needs – Maintenance – Lump sum – Property transfer – JHCI (Petitioner) v MSYI (Respondent) – Court determined final ancillary relief following an eight day trial – Assets identified as at 30 April 2014 including Phuket property and bank accounts – Unvested shares treated as financial resource not included in immediate computation – Sharing principle adopted prima facie as surplus assets remain after needs catered for – Yardstick of equality departed from due to wife's debts and needs – Wife awarded lump sum of HK$6,340,245 in tranches – Phuket property transferred to Husband – Maintenance set at HK$56,500 per month for wife and HK$46,000 per month per child – 50% of cash bonus over HK$1 million for 2014 and 2015 payable to wife – Costs reserved.
Legal issues: Identification of assets · Sharing principle · Maintenance calculation
Outcome: Ancillary relief granted. Wife awarded lump sum and periodical payments. Property transferred to Husband.
Cited by 5 cases