Case Law Developments
A recent High Court decision has highlighted that how assets are managed and utilised during a marriage can influence their treatment on divorce
When both the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) came into effect, collectively referred to as Automatic Exchange of Information (AEOI), the understanding across industry was that the format in which the physical reports would be delivered would be standardized in order to reduce the administrative burden....
News Team on 01/11/2021
The UK's Upper Tribunal (UT) has imposed a £350,000 penalty on a taxpayer who did not comply with an information notice
Expat influx? How post-Brexit jurisdictional changes have reduced barriers to maintenance claims in Englandon 28/10/2021
For the financially weaker party in a divorce, the ability to bring a claim in the courts of England and Wales can be akin to landing a winning lottery ticket, with London widely known as the divorce capital of the world as a result of the generous settlements that those parties have received.
There is no avoiding the fact that our national newspapers and legal press are often found reporting on the latest financial dispute playing out between high net worth individuals in the Royal Courts of Justice or the Supreme Court. As a hub for financial services and with ever-increasing investment from foreign nationals and wealthy family offices, it is not uncommon to find two spouses arguing in the London courts over how to share their wealth...
Court of Appeal ruling allows claimant to recover a ‘success fee’ as part of an award from father’s estateNews Team on 18/10/2021
A Court of Appeal ruling, passed down on Friday (15 October 2021), has confirmed that the success fee element of conditional fee agreements (CFAs) can be recovered as part of an award under the Inheritance (Provision for Family and Dependants) Act 1975 (the 1975 Act)
News Team on 15/09/2021
Dubai has established a specialised court to hear alleged money laundering and financial crime cases.
News Team on 14/09/2021
The British Virgin Islands (BVI) court has committed a Chinese resident to prison indefinitely
The high-profile split of Bill and Melinda Gates earlier this year was accompanied by a benign message of no longer believing in mutual growth. A nice sentiment of course, but sadly not the reality for many separations, or indeed family disputes more broadly...
News Team on 27/07/2021
Nearly two thirds of professionals responding to a new survey felt that more needs to be done to ensure that remote hearings – now commonplace in the family court because of COVID-19 – were fair and worked smoothly
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