Woman gets equal share of ex-husband's $1.25 million 4-D winnings

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Singapore's top court has ruled that the lottery winnings of a spouse are part of a couple's matrimonial assets to be shared equally, when the ticket is bought with the intention of benefiting the family instead of the winner alone. In reversing a High Court decision, the...

Singapore's top court has ruled that the lottery winnings of a spouse are part of a couple's matrimonial assets to be shared equally, when the ticket is bought with the intention of benefiting the family instead of the winner alone.

Judge of Appeal Andrew Phang said the presumption is that both contributed equally to the matrimonial pool from the winnings, unless the spouse who bought the winning ticket can show it was bought for his or her benefit only and not for the family's benefit as a whole.

Source: Law Daily Report (lawdailyreport.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$1.25m 4D win: wife has equal share in husband's prize money, rules top courtSINGAPORE: Singapore's top court has ruled that the lottery winnings of a spouse are part of a couple's matrimonial assets to be shared equally, when the ticket is bought with the intention of benefiting the family instead of the winner alone.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Sim Lim Square up for en bloc sale with S$1.25b reserve priceSHOPPING mall Sim Lim Square on Rochor Canal Road has been put up for collective sale via public tender at a reserve price of S$1.25 billion on April 29, marketing agent SLP International Property Consultants announced on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

iFast net profit down 41.8% to S$1.6m for Q1WEALTH management fintech platform iFast Corporation on Saturday posted a 41.8 per cent decline in its bottom line to S$1.6 million for the three months ended March 31, from a net profit of S$2.75 million in the year-ago period. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Japan's Softbank to announce US$1 billion investment in delivery app Rappi on TuesdayJapan's Softbank is expected to announce on Tuesday a US$1 billion investment in Colombian delivery app Rappi, Brazilian financial blog Brazil ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

ERP charge to go up by $1 at two gantries next Monday morningThe higher charges will affect those heading for the city on the Central Expressway between 8.30am and 9am, and those using the Kallang-Paya Lebar Expressway between 8am and 9am.. Read more at straitstimes.com. 🤣
Source: The Straits Times - 🏆 8. / 63 Read more »

Sim Lim Square up for collective sale with $1.25b reserve priceSim Lim Square, Singapore's well-known tech shopping mall in Rochor Canal Road, was yesterday put up for collective sale via public tender with a reserve price of $1.25 billion.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Olivia Lum says she will take S$1 salary until Hyflux is restructuredAMID cries for her to step down or be replaced by a judicial manager, Hyflux chief Olivia Lum has decided to take a pay cut in another late show of solidarity with retail investors who face combined losses of more than S$900 million. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hyflux boss will now get just $1 a yearThe highly paid boss of Hyflux will now get just $1 a year as she tries to save the debt-laden water treatment company. Chief executive Olivia Lum made the disclosure in an affidavit yesterday, the same day the firm announced that a new white-knight has appeared on the...
Source: thenewpaper - 🏆 7. / 63 Read more »

Vietnam police bust US$1 billion illegal online gambling ringPolice in Vietnam broke up an online gambling ring that had handled more than $1 billion in bets and arrested 22 people, reports said Saturday, in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Uber sets terms for IPO, posts US$1 billion first-quarter lossREUTERS: Uber Technologies Inc unveiled terms for its initial public offering on Friday (Apr 26), telling investors the ride-hailing company and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Uber sets terms for IPO, posts US$1 billion first-quarter lossREUTERS: Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to US$91.5 billion in its initial public offering, potentially ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »