Apex court chides man over bid to reduce ex-wife's share of $13m in matrimonial assets

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SINGAPORE - A doctor whose share of $13 million in matrimonial assets was raised to 75 per cent by Singapore's highest court in 2020 has failed in a further bid to reduce what his former wife can get.

SINGAPORE - A doctor whose share of $13 million in matrimonial assets was raised to 75 per cent by Singapore's highest court in 2020 has failed in a further bid to reduce what his former wife can get.

The man also sought a waiver of interest that he was ordered to pay on the sum, arguing this would be consistent with the Government's policy pertaining to the Covid-19 relief framework. That year, the wife left the matrimonial home for the first time, when the children were between three and eight years old.The pair were embroiled in numerous legal proceedings. The wife filed multiple complaints against the man, with one resulting in a criminal trial in which he was eventually acquitted.

The court also found that the husband's indirect contributions, which refer to intangibles such as care of the children, was much more than the wife's.As the assets under her sole name amounted to $1.1 million, the court ordered the husband to pay her the balance of $2.3 million.He wanted the balance sum to be reduced because of the alleged loss of $1.1m in seling the Eng Kong Place property, which he claimed was the only way to raise money.

 

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