According to the Hong Kong Census and Statistics Department, in 2019, 35% of marriages in Hong Kong were remarriages. The pandemic also brought a spike in divorce rates as couples’ marriage soured. Divorce proceedings often involve the division of former matrimonial properties between divorcing couples, whether such properties are solely owned by one, co-owned by both parties, or through corporate vehicles.  The couple may choose or the Court may decide to sell the properties and distribute the sales proceeds between themselves, but it gets more complicated when properties (or a share of the properties respectively owned by each) are to be transferred amongst themselves.  It would be beneficial for the parties to consider the issues they will need to consider to make the most appropriate arrangement in the divorce settlement or to present their case in Court.

Language: Cantonese

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