This article was published on October 21st, 2015
A recent divorce ruling from the Supreme Court has agreed to allow two women to go back to High Court to receive larger pay-outs from the joint assets after it was confirmed their spouses had deliberately hidden their true wealth/potential wealth.
The two women had very different cases; one woman’s husband had hidden the fact that his company was about to float on the stock market and his sizeable shares in the company meant that he was worth millions more than he declared. The other woman’s husband had hidden funds which were discovered as part of a Police fraud investigation for which he went to prison.
Both cases went to the Supreme Court and the first woman, who had previously accepted £10 million in the settlement in 2010, is to have her settlement reviewed at the High Court based on her ex-husbands company value of approx. £600 million rather than £47 million he stated.
She said: “I hope that their decision sends out a message to everyone going through a divorce,”
“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.”
The second lady, who accepted £270,000 in her settlement in 2002, is also now entitled to have her settlement revised to get a fairer share of the assets. She said: “I am absolutely relieved by this judgement”
At Thorneycroft Solicitors, we will endeavour to ensure you get a fair divorce settlement. If you have any concerns about your ex hiding the true size of their assets such as their pension, their business interests, a better paid job during divorce proceedings etc. then you might be owed a payout. Getting a divorce or a legal separation is a difficult decision and deciding on the right divorce solicitor to contact can be tricky too. Thorneycroft Solicitors’ approach to dealing with divorce is on an amicable and conciliatory basis. Where the diplomatic approach proves unsuccessful, we will adopt a forceful strategy in order to ensure that our clients’ interests are properly represented.
If you live in Macclesfield, Buxton, Holmes Chapel or surrounding areas and require divorce law advice or to discuss your separation in more detail please call one of our specialist solicitors now on FREEPHONE 0800 1979 345, or complete our simple enquiry form.