High Court awards woman bigger share of $13.8m of assets in divorce case

SINGAPORE - The High Court has awarded the wife of a business executive more than half of the matrimonial assets worth $13.8 million following the start of divorce proceedings, stating she had prioritised their children over her career.

Among other things, the man did not submit his income tax statements for his employment in China, as well as supporting documentation of his insurance policies, Chinese bank accounts and overseas investments. They have been married for 35 years, and have four adult children. The man and his wife are both 62 years old.An interim judgment was granted in February 2018, with issues of matrimonial asset division and maintenance left for the High Court to decide on Thursday.

In distributing the assets between the parties, Judicial Commissioner Tan eventually determined the ex-wife's share of the assets to be about $7.3 million.

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