Advertisement

Let couples have prenuptial agreements, say lawyers

3-MIN READ3-MIN

With applications for divorce hitting almost 21,000 last year - the highest annual rate - and with multimillion-dollar claims making headlines, it may be time for Hong Kong to follow international trends and recognise prenuptial agreements. Or not.

Some experts say the deals, setting out a division of assets before the knot is tied, might work for the super-rich but others say that for ordinary couples it could destroy love and trust before a marriage even starts.

Family lawyers and some academics see the agreements as a way to cut huge legal fees in disputes that can last for years.

Advertisement

'Not only could a properly prepared prenup agreement help cut legal costs and court time, it could even save parties from mental trauma in the litigation,' said Dennis Ho Chi-kuen, a family lawyer for more than 20 years.

'In some matrimonial disputes, the parties sometimes even go beyond financial issues and their attacks become personal, which is really hurtful to both sides,' Ho said.

Advertisement

Ting Kwok-fai, a Chinese University sociology professor, agreed that prenuptial agreements would technically provide a more subjective basis to resolve matrimonial disputes. He said couples should be allowed the option.

Advertisement
Select Voice
Select Speed
1.00x