Court draws Adverse Inferences against husband for not disclosing assets

1. Recent High Court decision of TOE v TOF [2020] SGHCF 18 by the Honourable Justice Choo Han Teck.
2. The matter concerned a marriage of 19 years. The Husband and Wife are 54 and 53 years old respectively and have a 10 year old son.
3. The issues are as follows:-
   1. Care and control;
   2. Access;
   3. Maintenance for wife;
   4. Maintenance for child; and
   5. Division of matrimonial assets.
4. The Husband asserted that he had no assets at all while the Wife asserted that he had approximately $40 million worth of assets. The Court drew adverse inferences against the Husband for his failure to make full and frank disclosure of various assets.
5. The orders made were as follows:
   • Joint custody
   • Care and control to W
   • Fixed overnight access to H
   • H to pay monthly maintenance of $5k to wife and $4.1k to child. In addition, H to pay for child's education, insurance and medical/dental directly.
   • H to pay lump sum of $4 million in full and final settlement of division of assets.
   • H to return W's personal belongings and half of furniture and kitchenware.