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Showing posts with the label international divorce

Finding Hidden Assets on Divorce: The Elusive Gold Pot at the End of the Rainbow

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There are various versions of the myth about gold and rainbows. Perhaps the most ancient version goes that fairies with great wealth buried their treasures and gold at the end of the rainbow, guarded by Leprechauns. Any experienced family lawyer, therefore, has to be on alert to the fact that the colour of one’s disclosure might in fact be caused by reflection, refraction and dispersion of light.

SHARING FOREIGN ASSETS

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Double, Double ‘Goyal’ and Trouble: An Easy Way to Sharing Foreign Assets on Divorce? I n the hustle and bustle of the run up to Christmas one can (perhaps) be forgiven for overlooking the latest decision on the ability of the English courts to impose orders over foreign assets. Whilst we were all eating mince pies and watching Home Alone as if it were a new release, the court was seeking to provide clarity on an issue which is becoming so important in an increasingly globalised world. The case of Goyal v Goyal [2016] EWHC 2758 (Fam ) provides, at least in the interim, welcome guidance and reinforcement of the principles of sharing foreign assets. It is also a stark reminder of the fatality of failing to follow the correct procedures and how the court will not indulge such shortcomings even where a party does not have the benefit of legal representation (Mrs Goyal did not have a lawyer).   The (Brief) History Mr and Mrs   Goyal had been married for 8 yea...