Rizvi & Rizvi & Ors

In *Rizvi & Rizvi & Ors*, Rees J considered an application by the wife for interim property orders and restraints on the husband's corporate interests. The dispute concerned the division of property, with the wife seeking a partial property distribution and orders to protect her interests in companies controlled by the husband.

The court was required to determine whether it was just and equitable to order a partial property distribution to the wife, given the capacity of the husband's corporate interests to satisfy such an order. Additionally, the court had to consider the wife's application for restraints on the husband's dealings with his corporate entities and their assets, including the sale of specific property and the provision of financial records.

Rees J reasoned that a partial property distribution was just and equitable due to the capacity of the husband's corporate interests to make the payment. The court applied principles of family law concerning interim property settlements and the need to preserve assets pending final determination. To safeguard the wife's interests, the court ordered the husband to pay a sum of $600,000 to the wife by way of partial property settlement. Furthermore, the husband, both personally and in his directorial capacities, was restrained from selling the property known as L Street. The court also mandated the provision of specific financial statements for various companies and trusts controlled by the husband for the years ended 30 June 2018 and 30 June 2019.

In addition to the disclosure requirements, the husband was restrained from dealing with, encumbering, selling, transferring, or disposing of any asset of numerous specified corporate entities, except in the ordinary course of business. The court also ordered that the wife be provided with printed copies of all banking records for these entities monthly, and that any contracts for the purchase, sale, or disposition of real property by these entities or the husband be provided to the wife within 48 hours of exchange. Finally, the husband was ordered to identify and provide to the wife monthly banking records relating to any payment or transfer of funds from these entities to him.