Wednesday, March 27, 2013

Divorce Granted

American Kim Lee was granted a divorce from her wealthy, famous Chinese husband Li Yang by a Beijing court on Sunday, February 3, 2013.  The case had kept Chinese citizens rivited for about a year because Ms. Lee publicly accused her husband of domestic violence.  The court also granted her a three-month protection order against her ex-husband "a first in the nation's capital."  Mr. Li, a multimillionaire and founder of "Crazy English," a way of learning English that involves shouting "to overcome inhibitions," stated on television that domestic violence was acceptable in China.  It appears the court did not agree; they expressed this view by granting Ms. Lee a protection order, by acknowledging domestic violence as grounds for divorce, and by ordering Li Yang to pay 50,000 renminbi in compensation for the violence.  Ms. Lee will receive 12 million renminbi and a fixed amount annually until her 3 daughters reach the age of 18.  However, many argue this amount shows the courts failed to uncover Li's true assets, because the sum was too low.

Read more here.

MR

http://lawprofessors.typepad.com/family_law/2013/03/divorce-granted.html

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Comments

Even in the cases of non-wealthy couples its not uncommon for us to see clients try to hide their assets to avoid paying alimony or child support.
I wonder if having assets overseas would allow for a little more wiggle room for assets to go undocumented?

Posted by: Timothy Durkin | Apr 9, 2013 1:11:19 PM

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