Partner and Co-Head, Family and Divorce Koh Tien Hua comments in the Straits Times article titled "Family Justice Courts appoint panel of financial experts for asset valuation in divorces"

Partner and Co-Head, Family and Divorce Koh Tien Hua comments in the Straits Times article titled "Family Justice Courts appoint panel of financial experts for asset valuation in divorces"
31 Dec 2020

Harry Elias Partnership Partner and Co-Head, Family and Divorce Koh Tien Hua commented in the Straits Times article titled "Family Justice Courts appoint panel of financial experts for asset valuation in divorces". The article was first published on 31 December 2020.

Family Justice Courts appoint panel of financial experts for asset valuation in divorces

SINGAPORE - A new programme will allow the court to appoint third-party financial experts to give objective opinions of the valuation of assets being divided during a contentious divorce.

The pilot programme will begin in the first quarter of 2021, during which the Family Justice Courts (FJC) will work with financial experts on valuation reports of a handful of cases on a pro bono basis.

Below is an excerpt from the article which features comments by Tien Hua:

Lawyers ST spoke to agreed that the move could help to streamline the valuation process of assets.

Mr Koh Tien Hua, partner and co-head of family and divorce and private client advisory at Harry Elias Partnership, said: "The new initiative will assist the court and the parties to choose a forensic accountant who is acceptable to the courts as having the requisite experience in producing these reports and the expertise in forensic accounting."

However, he cautioned that the selected experts from the panel must be neutral and not have any personal or professional conflicts of interest with the parties.

Full article can be accessed here. 

Source: The Straits Times

Author: Jean Iau

For more information, please contact our Business Development Manager, Ricky Soetikno, at rickysoetikno@harryelias.com.

Contact: 

Koh Tien Hua

Partner
Co-Head, Family and Divorce and Private Client Advisory
T: 
+65 6361 9895
F: 
+65 6438 3777
E: 
KohTienHua@harryelias.com
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