Marie Proud, from Tinsdills Solicitors says “These decisions made by the Supreme Court show that dishonesty will not be overlooked and justice will prevail.”
She advises “if you are currently going through a divorce or settlement that it is imperative that full details of your financial means need to be disclosed as part of dealing with matrimonial financial settlements otherwise you could find this happening to you.”
Sourced from the BBC: 14 October 2015
Alison Sharland, who accepted £10m in her divorce, and Varsha Gohil, who got £270,000, say the men hid the extent of their wealth when the deals were made. Solicitors for Ms Sharland’s ex-husband Charles said the ruling could “open the floodgates” to thousands of cases. Ms Gohil said there were “no winners”, but both spoke of the pair’s relief. The court indicated that both claims would return to the High Court.
Ms Sharland, from Wilmslow in Cheshire, believed the £10m settlement she accepted in her 2010 divorce from her husband Charles, a software entrepreneur, represented half of his wealth.
Under the settlement, the 48-year-old would also receive 30% of the proceeds of shares held by her husband in his company when he sold them.
It later transpired he had lied about his company’s value – which the financial press estimated to be worth about £600m, when the value used in the divorce case was £47m – as well as plans to float it on the stock market.
Ms Gohil, 50, from north London, accepted a car as well as £270,000 as a settlement when she divorced her husband Bhadresh in 2002.
In 2010, Mr Gohil was convicted of money laundering and jailed for 10 years.
At his criminal trial, evidence revealed he had failed to disclose his true wealth during divorce proceedings.
“I hope that their decision sends out a message to everyone going through a divorce,” Ms Sharland said.
“My legal battle has never been about the money, it has always been a matter of principle. I entered into an agreement with my estranged husband thinking that it was a fair one.”
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