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The importance of full disclosure in the Family Court
Recently the Supreme Court made a decision setting aside the divorce settlements which two women had earlier secured due to the non-disclosure of assets by their former husbands. It is clear that the Family Court will not tolerate dishonesty.
The two cases in question were “big money” cases and the material non-disclosure would have had a big impact on the outcome. These cases serve as a reminder that the Family Court expects absolute honesty from both parties when disclosing their financial position.
In the event that a case is reopened due to failure to disclose, the legal fees associated with the legal proceedings continuing is an important consideration as is the ability of the court to make an order that the party who failed to disclose should pay the other side’s legal fees.
Saville Chambers
63 Fowler Street
South Shields
Tyne & Wear NE33 1NS
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