PKWA Law Secures Victory for Client in Divorce Case, Exposing Ex-Husband's Attempt to Conceal Over $3 Million in Assets
Our family lawyers have successfully acted for the ex-wife in a divorce in which the ex-husband was found to have hidden over $3 million of matrimonial assets from her. The High Court ordered the money to be put back into the marriage pool for division because the timing of the transfer was "questionable."
In this case, our divorce lawyers successfully represented the ex-wife, uncovering the ex-husband's efforts to hide more than $3 million in matrimonial assets.
Days after he learned that his then-wife had filed for divorce on the grounds of infidelity, the ex-husband withdrew his bank account and transferred his $3 million-plus shares to relatives and friends.
Our lawyers successfully argued that the ex-husband's actions constituted a dissipation of matrimonial assets, with the sole aim of preventing our client from making a claim on the $3 million of assets. Among the assets were a $2.7 million stake in a company transferred to his parents and a friend, along with $1 million in bank accounts and an insurance policy.
Our team of divorce lawyers effectively demonstrated that the ex-husband intentionally dissipated assets amounting to approximately $3 million, and the High Court agreed with us that it should step in to restore justice.
Our client, who endured a 21-year marriage, had engaged us to initiate divorce proceedings in April 2018 upon discovering her husband's infidelity.
For additional information on this case you may read here: https://www.singaporelawwatch.sg/Headlines/Man-went-all-out-to-hide-over-3m-from-ex-wife