Hobson & Hobson

In this matter before McClelland J, the wife sought interlocutory injunctions and orders for improved disclosure from the husband concerning his business activities, specifically his share trading. The wife contended that the husband had failed to adequately disclose documents verifying his share trading activities and to account for the proceeds of various stock sales. She argued that the husband's reduction of his share portfolio posed a real risk of depleting the parties' available property for distribution at the final hearing, thereby prejudicing her interests. The husband admitted to instances where proper source documents had not been provided but denied a general failure to disclose.

The court was required to determine whether there was a real risk that the husband's ongoing reduction of his share portfolio would adversely impact the wife by diminishing the net property available for division. Additionally, the court needed to consider whether the husband's disclosure regarding his business activities was sufficient and whether further orders were necessary to prevent the frustration of the court process.

McClelland J found that the husband's reduction in his share portfolio represented a significant percentage of the parties' net property. The court concluded that if this reduction continued at its current rate, there was a real risk of prejudice to the wife's interests at the final hearing. Consequently, the court granted interlocutory injunctions and made orders requiring the husband to provide better disclosure. These orders included the establishment of specific bank accounts for the proceeds of share trading, into which funds would be deposited and disbursed, with the wife granted view-only online access to these accounts. Further orders mandated the husband to provide detailed disclosure of his financial accounts, share trading activities, and related documentation.