Property Division in International Marriages: Successfully Protecting the Legal Rights and Interests of Spouses
Case Overview:
Mr. Liu is a Chinese citizen working in the United States. He and his wife had been married for many years and had run a business together. However, their relationship gradually deteriorated, and his wife filed for divorce, seeking to divide the company's assets. Mr. Liu found that some of his wife's claims in the US court were unreasonable, and some assets were not considered joint marital property. Mr. Liu decided to seek cross-border legal assistance to protect his legally protected assets.
Legal Response:
Consultation and Evidence Collection:
Mr. Liu provided Financial Legal Aid with all property evidence, company operating records, and his wife's division request. After analysis, the legal team concluded that this case involved cross-border asset division, specifically the division of company assets. They emphasized that an accurate property valuation and legal analysis were required to effectively resolve this issue.
Property Valuation and Dispute Resolution:
Financial Legal Aid hired a professional real estate appraiser to assess the true value of the company's assets. Based on US divorce law, the legal team analyzed Mr. Liu's company shares and whether his wife was entitled to a portion of them. The lawyers advised Mr. Liu to attempt to resolve some of the disputes through mediation and to prepare for potential litigation in case the matter goes to court.
Litigation and Arbitration:
Because Mr. Liu's wife insisted on an excessively high division of assets, Financial Legal Aid decided to take the case to court. The legal team meticulously prepared all evidence, particularly demonstrating the source and contribution of the company's assets. Ultimately, the court ruled that his wife was only entitled to a proportionate share of the assets, but not to control of the company.
Outcome and Asset Protection:
Mr. Liu successfully retained his company shares and most of his assets, and achieved a reasonable division of marital assets. The court's ruling prevented Mr. Liu from receiving an unfair division of assets.
Outcome and Conclusion:
This case highlights the importance of detailed property evaluation and legal intervention in asset division in cross-border marriages. The successful cross-border legal team effectively protected Mr. Liu's business and wealth.
