Karish and Karish

In the matter of *Karish and Karish*, Young J of the Supreme Court of New South Wales made orders concerning interim financial arrangements and property disposition in a family law proceeding. The dispute involved the husband and wife, who sought to address immediate financial needs and the management of significant assets pending final resolution of their property settlement.

The court was required to determine the appropriate interim orders for the disbursement of funds from a joint bank account and the sale of jointly held or individually controlled assets. Specifically, the court considered how to provide immediate financial relief to the parties while also ensuring the preservation and proper accounting of assets, including real estate located overseas and personal valuables. The court also addressed the need for full and frank disclosure of all financial circumstances and assets held by each party.

Young J ordered that a sum of $80,000 be withdrawn from the husband's Commonwealth Bank account and divided equally between the parties, to be considered a partial property distribution. The court further directed the wife to take conduct of the sale of four units in Egypt, with strict reporting and accounting obligations to the husband. Proceeds from the sale were to be invested jointly pending further court order. The husband was ordered to cooperate with the sale process. Additionally, both parties were required to provide comprehensive disclosure of all their financial holdings and to file updated financial statements prior to the adjourned hearing.