Read the full judgment text of FCMC 747/2018 on BabelCite. This Family Court judgment was delivered on 17 March 2023 before His Honour Judge I. WONG.
Matrimonial Proceedings – Ancillary Relief – Third Party Ownership Claim – Beneficial Ownership – Trust – Gift – Lump Sum – Maintenance – District Court – FCMC 747/2018 – Father's claim that assets (Shares, Car, License) held on trust rejected as fabricated 4-Parties Agreement – Assets deemed gifts to couple and part of matrimonial pot – Husband's financial resources include potential continued support from father – Wife's needs assessed generously – Lump sum of $5,100,000 awarded secured by Shares – Child maintenance of $72,000 per month ordered – Costs awarded to wife against both husband and father
Legal issues: Beneficial Ownership of Matrimonial Assets · Ancillary Relief Quantum
Outcome: Father's third party ownership claim dismissed. Husband ordered to pay lump sum and child maintenance.
Cited by 3 cases · Cites 3 cases