Case law: Financial settlements on divorce can be re-opened if one spouse has not made full and accurate financial disclosure
Spouses and civil partners must fully and accurately disclose their financial affairs in divorce or dissolution proceedings or risk settlements being set aside if the information is later found to be incomplete or fraudulent.
This update was published in Legal Alert - November 2015
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Two wives in unrelated divorce proceedings agreed to settlements with their husbands, who they later discovered had deliberately given false or incomplete information about their finances. The ex-wives applied to set the settlements aside.
The Supreme Court heard both applications together and ruled that their respective settlements should be set aside. It sent the cases back to the High Court to reconsider whether the wives' respective settlements should be amended.
- Spouses and civil partners must fully and accurately disclose their financial affairs in divorce or dissolution proceedings or risk any settlements being set aside if the information is later found to be incomplete or fraudulent.
Case law: Sharland v Sharland  UKSC 60
Gohil v Gohil  UKSC 61.
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