expect-a-rise-in-divorce-among-the-super-wealthy

Expect a rise in divorce among the super wealthy

Law firm Withers warns Hong KongÆs wealthy to protect their assets in divorce following a landmark case that is likely to prompt more disgruntled spouses to file through the courts.
June 26, 2008
Withers, an international law firm with a focus on high-net-worth individuals, released a paper this week warning that the number of divorce cases and size of settlements are expected to increase due to a landmark Hong Kong case.

The firm says that wealthy individuals in Hong Kong may be unknowingly at risk of losing millions of dollars in trust assets due to a financial family law judgment in March this year.

The DD versus LKW case on March 5, in which the judge ruled that a 5050 split of assets between divorcing husbands and wives must be the norm, is considered to be the most significant divorce case in decades, moving rulings away from...
¬ Haymarket Media Limited. All rights reserved.

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