A Supreme Court ruling announced yesterday is expected to have a wide-reaching impact on divorce cases.
Two women, Alison Sharland and Varsha Gohil, have been granted the right to challenge the divorce settlements that they had previously received.
The pair have been locked in a lengthy legal battle after claiming that their respective husbands had previously concealed the true extent of their wealth from the court.
Their argument was that non-disclosure of this nature required a case to be re-examined.
By finding in their favour, the Supreme Court has opened the door to many other parties who may want to renegotiate their settlements in light of new evidence of an ex-partner’s financial situation.
Jo Edwards, chair of the family law association Resolution, said that the ruling could make a huge difference to divorce proceedings.
“The success of Mrs Sharland and Mrs Gohil today is a clear indicator that anything less than full and frank disclosure of assets in divorce cases will not be tolerated by the courts, where this has an outcome on the order that the court would otherwise have made,” she said.
“This has significant implications for other cases where assets are suspected of having been concealed, and could see many other recently finalised cases being reopened.”
At Carter Lemon Camerons, we can advise on the legal issues arising from divorce proceedings. For more information on how we can help, contact our family partner Chris Corney today. For more background on the recent court decision and how it might affect your divorce settlement please read this article.