Cross-border Marriage Asset Division: Successfully Protecting Spousal Legal Rights
Case Overview:
Mr. Liu, a Chinese citizen working in the U.S., had been married for several years and co-owned a business with his wife. However, their relationship gradually deteriorated, and his wife filed for divorce, seeking a division of the company’s assets. Mr. Liu discovered that some of his wife’s claims in the U.S. court included unreasonable asset demands, and certain assets were not part of the joint property. Mr. Liu decided to seek cross-border legal assistance to protect his legitimate assets.
Legal Response:
Consultation and Evidence Collection:
Mr. Liu provided Max International Law Firm with all property evidence, company operating records, and his wife's division request. After analysis, the legal team concluded that the case involved cross-border asset division, particularly the division of company assets. They emphasized the need for accurate property evaluation and legal analysis to address the issue effectively.
Property Valuation and Dispute Resolution:
Max International Law Firm hired professional property appraisers to assess the true value of the company assets. Based on U.S. divorce law, the legal team analyzed Mr. Liu's shareholding in the company and whether his wife was entitled to a portion of those shares. The lawyers recommended that Mr. Liu attempt to resolve some of the disputes through mediation and prepared potential litigation materials in case the matter proceeded to court.
Litigation and Arbitration:
As Mr. Liu's wife insisted on an excessively high property division, Max International Law Firm decided to submit the case to court. The legal team meticulously prepared all the evidence, particularly showing the source and contribution to the company assets. Ultimately, the court ruled that the wife was entitled only to a proportionate share of the assets and was not awarded control of the company.
Outcome and Asset Protection:
Mr. Liu successfully protected his company shares and the majority of his assets, with only a reasonable division of the marital property. The court's ruling allowed Mr. Liu to avoid an unfair asset split.
Outcome and Summary:
This case highlights the importance of detailed property valuation and legal intervention in asset division within cross-border marriages. The successful cross-border legal team effectively protected Mr. Liu’s business and wealth.
