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.
In line with the family justice system’s adoption of “therapeutic justice” as its overarching philosophy, where the law helps divorcing parties to repair their relationships to a functional level, the project will allow experts to assist parties who are “embroiled in complicated and contentious financial disputes”, FJC and the Institute of Singapore Chartered Accountants (Isca) said in a joint statement on Wednesday (Dec 30).