Document background
A Separation Financial Agreement is a crucial legal document used in Hong Kong when married couples decide to separate but have not yet proceeded with divorce proceedings, or wish to formalize their financial arrangements prior to divorce. The agreement is drafted under Hong Kong law, particularly in accordance with the Matrimonial Proceedings and Property Ordinance (Cap. 192) and related legislation. It provides a comprehensive framework for separating couples to document their agreed financial arrangements, including asset division, maintenance obligations, and property settlements. This document is particularly important in Hong Kong's financial center context, where complex asset structures, international properties, and business interests often need to be addressed. The agreement helps prevent future disputes by clearly documenting the parties' intentions and can later be incorporated into divorce proceedings if required.
