Profile cover photo
Profile photo
GC Solicitors
GC Solicitors's posts

Lying ex-husbands! What if you believe that your other half has failed to disclose the true value of their assets?

The cases of Sharland v. Sharland and Gohil v. Gohil were heard by the Supreme Court in October 2015. Mr Sharland declared that his business interests were valued between £37 to £47 million and as such, Mrs Sharland received a £10 million share of the available assets. It later became known that Mr Sharland had been dishonest, and the true value of his business interests were nearer to £150 million, meaning that Mrs Sharland only received a very low percentage of the overall assets available.

Mrs Gohil received £270,000.00 of the matrimonial assets “allegedly” available to the parties at the time of their divorce. Mr Gohil had been involved in a money laundering scheme, and had not disclosed the true value of his wealth.

The Court ruled that Mrs Sharland and Mrs Gohil had both shown that their ex-husband’s had been dishonest in their financial disclosure, and that their cases can now be reopened and the previous settlements reviewed.

These decisions are important as they emphasized the need for divorcing spouses to give full and frank disclosure on one another within any financial proceedings; they also act as a warning to any party who is considering acting in a dishonest fashion when it comes to the splitting of any matrimonial assets upon divorce.
Wait while more posts are being loaded