Herman and Nubis

The Honourable Justice Rose considered the division of property between the parties, Herman and Nubis, in this family law matter. The dispute concerned the equitable distribution of various assets, including real estate and financial entitlements, following the breakdown of the parties' relationship.

The court was required to determine the appropriate orders for the transfer of interests in properties, the payment of sums of money, and the assignment of loans. Specifically, the court had to decide how to allocate the parties' respective twenty-five per cent and seventy-five per cent interests in Property G, the husband's interest in Properties H1 and H2, and a loan made to T Company. Furthermore, the court needed to address the beneficial ownership of all other real estate and personalty held by each party.

Justice Rose made orders reflecting a division of the parties' assets and liabilities. The wife was ordered to transfer her interest in Property G to the husband, who was to indemnify her for associated outgoings. The wife was also required to pay a sum of money to the husband, and in return, the husband was to assign a loan to the wife. The husband was to transfer his interest in the H Units to the wife, who would then have exclusive occupancy and be responsible for all associated outgoings and indebtedness. Finally, each party was declared the sole beneficial owner of all assets remaining in their respective names, possession, power, or control, subject to the specific orders made.