Marcus Dearle, Withers Hong Kong Office Managing Director, comments on the news that divorces in Hong Kong will start with a 50-50 asset split
Marcus Dearle, Withers’ Hong Kong Office Managing Director, comments on the news that divorces in Hong Kong will start with a 50-50 asset split:
“As a result of this landmark case, the principle of equality of division has had, and will continue to have, a major impact on so called “big money” cases in Hong Kong where the financial assets are substantial. Hong Kong remains one of the most generous jurisdictions in the world for financially weaker spouses.
“As a consequence, pre- and post-nuptial agreements will continue to be extremely important for those in Hong Kong who wish to protect their family wealth. While in Hong Kong, like in England, these agreements are not legally binding, the Hong Kong courts will take them into consideration when making a ruling, and so such agreements are an important part of wealth protection.”