Thursday 4 July 2013

Spouses can’t conceal wealth in companies to protect them in divorce settlements

[caption id="attachment_300" align="alignright" width="142" caption="Kirpal Bidmead, Head of Family Law"][/caption]

 

Divorce settlements involving property held in companies have been under the spotlight in the recent case of Petrodel Resources Ltd and others v Prest.

In this case, the court concluded that a company which is under

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