Read the full judgment text of FCMC 14649/2014 on BabelCite. This Family Court judgment was delivered on 23 January 2017 before His Honour Judge I Wong.
Freezing order – Dissipation of assets – Matrimonial proceedings – Injunction – Full and frank disclosure – District Court – Petitioner wife sought injunction to restrain respondent husband from dealing with securities accounts and withdrawing funds exceeding $75,000 per month. Petitioner alleged missing funds ('black hole' of $100 million). Previous injunctions existed regarding landed properties and investment activities. Whether there is a real risk of dissipation of assets to justify freezing order – No. Whether injunction without specified limit freezing all assets is appropriate – No. Application dismissed. Interim injunction discharged. Petitioner to pay Respondent's costs.
Legal issues: Real risk of dissipation of assets · Scope of injunction · Adequacy of Undertaking
Outcome: Application dismissed; interim injunction discharged; P to pay R's costs
Cites 2 cases