Menu
 
01525 378 177
 

Request a Brochure


* required
Send my newsletter by:
 

Request Your Free Life Organiser



* required
Send my newsletter by:
 

Sign Up To Our Quarterly Newsletter



* required
Send my newsletter by:
 

News & Articles

Osborne Morris & Morgan > News and Articles > Family > New hearing following nondisclosure of assets

New hearing following nondisclosure of assets


Posted on 22 Mar 2016, in Family
 

The divorce proceeding of a millionaire businessman that was held up in High Court is now set to continue after a landmark decision was announced in the Supreme Court that may affect divorce settlements where a spouse has lied about the extent of their wealth. The decision, which may be applicable to divorcing couples in Bedfordshire, means that, if a spouse can be shown to have hidden substantial assets, a judge is able to make a new settlement.

The case that was heard in the Supreme Court centred around two women, aged 48 and 50, who had claimed that their husbands had lied in their divorce proceedings about the extent of their wealth and were seeking a renegotiation of their financial settlements. The decision by the justices to approve their set aside applications means that their spouses will need to go through divorce proceedings for a second time so that the courts can reassess their finances.

The case that was delayed in the Family Division of the High Court awaiting this judgment involved a property magnate who had said that he was worth £20 million. His wife claimed that he had lied about the valuation of his shares and was seeking to overturn the agreement that had been made last year. The Supreme Court judgement means that her case will be allowed to continue and that she may be entitled to a much higher settlement.

It is important during a divorce proceeding that both spouses provide a full disclosure of the extent of their finances in order to reach a fair settlement regarding the division of marital assets. A person who is concerned that their spouse may not have fully declared their financial interests may wish to consult with a solicitor familiar with the implications of the landmark ruling by the Supreme Court.

 

How we can help


Since this article has been published we no longer offer Family Law services but we can help you with:

 

01525 378 177

Lines are open Monday to Friday 9.00am to 5.30pm

Contact us online

We aim to respond within 12 hours of receipt of any email received

Accreditations & Awards



Milton Keynes & Leighton Buzzard Teams SME Business Awards Winner 2018Osborne Morris & Morgan have double the reason to celebrate after winning, not one, but two awards at this year’s SME Bedfordshire Business Awards.

The firm were delighted to receive the ‘Leighton Buzzard Business of the Year’ and also the ‘Training & Development’ award for their continuous commitment to investing in their employees.

 
Headway Lexcel Law Society Accredited Certainty the National Will Register
Law Society Conveyancing Quality Accredited
Clinical Negligence Accredited - The Law Society
Bedfordshire Businesswomen Finalist 2018
riliance excellence in compliance
Bedfordshire Business Enterprise Awards Winner
Top Ranked Chambers UK 2015
Top Ranked Leading Firm - Chambers UK
apil logo
AVMA logo Cyber Essentials logo