Considering a Divorce in Hong Kong – Financial Disclosures

Considering a Divorce in Hong Kong – Financial Disclosures

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Kimberly Ann Dasse, a family law practitioner based in Hong Kong, has prepared a series of articles on divorce proceedings, examining some of the main steps on the path to dissolving a union. Yesterday she covered grounds and facts of divorce. Today she covers financial disclosures.

Once a divorce petition is filed, the parties will be given an appointment for their first appearance before the judge, a“First Appointment”. Twenty-eight days prior to the First Appointment, the parties must exchange financial information. The disclosure is done through completion of a Form E Financial Statement, which is a sworn statement filed in the court, meaning that criminal liabilities may attach for failure to give a “full, frank and candid” disclosure. This is the main – and really only chance – to give one’s full financial picture as courts want parties to “put their cards on the table” early in the proceedings.

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