Hiding assets in divorce proceedings

Kim Beatson, Partner Family & Relationships | October 15, 2015

On the 14 October 2015, the Supreme Court heard appeals by Mrs Sharland and Mrs Gohil and reviewed the impact of non-disclosure in financial proceedings.

In both cases, the appeals were unanimously allowed on the basis that their respective husbands had been hiding their true wealth.

The Supreme Court made it clear that an agreed financial settlement would be set aside in these circumstances and that the duty of honest financial disclosure is a duty to the Court.

Time will tell whether these wives will receive more generous settlements as a rehearing of their claims is a consequence of this decision. However, costs penalties will always be paid by the non-disclosing party and the public nature of this decision should also act as a deterrent.

Kim Beatson is a family law specialist with a particular expertise in financial matters. For further advice, please contact her at kim.beatson@anthonygold.co.uk, direct line: 020 7940 4011.

* Disclaimer: The information on the Anthony Gold website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. It is provided without any representations or warranties, express or implied.*

Please note

The information on the Anthony Gold website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. It is provided without any representations or warranties, expressed or implied.