China-born singer Zhang MiaoYu has no qualms about telling you she came to Singapore with a single-minded purpose: To snare a Singapore man (See HERE). She goes on to say that "Singaporemen spend long hours working. But they would make it up to you by showering you with gifts. The more expensive the gifts, the more to show that they love you." This implies that Ms Zhang is perhaps looking for a Singaporean man to give her a better life in the material sense and that material wealth is an essential requirement in a husband.
News reports such as these convince me of the necessity of recognising prenuptial agreements in Singapore.
I am of course not suggesting that all Chinese women are opportunistic nor am I restricting materialism to Chinese women. I am merely using this as an example to highlight why I think it might be time for Singapore to reconsider clearly accepting the legality of prenuptial agreements in Singapore.
Opponents of prenuptial agreements will no doubt argue that these agreements go against the essential tenet in marriage - that of commitment. Why prepare for the demise of a marriage before even entering into it? While I have some sympathy for that argument, divorce is something that is a part of our society. As such, we should address the issue to ensure that divorce proceedings are as smooth as possible to minimise its emotional impact on the parties involved, especially if there are children involved.
A marriage contract is a commitment entered into by 2 consenting adults. As such, 2 consenting adults should also be permitted to dictate the terms of that marriage and our courts should recognise this.
While Singapore law does not officially recognise prenuptial agreements, the Singapore courts have in recent years indicated that prenuptial agreements governed by foreign law will be upheld and enforced (see HERE). While this case did not involve Singaporeans, the acceptance of prenuptial agreements should be extended to cover Singapore law governed prenuptial agreements in marriages involving Singaporean parties who have married in Singapore.
English law, like Singapore law, does not typically recognise prenuptial agreements. But last year,in a landmark decision, British courts upheld a prenuptial agreement made between a German heiress and a French banker who married in London (see HERE).
In view of the possible increase in marriages and divorces as highlighted above, it would make sense to officially recognise the legality of prenuptial agreements in Singapore. Prenuptial agreements would reduce the stress caused by protracted divorce proceedings where substantial assets are involved. It would also reduce legal fees and protect the assets of the richer party who may have unwittingly entered into a marriage with someone motivated solely by their wealth.