According to the International Consortium of Investigative Journalists, the leaked files from Panamanian firm, Mossack Fonseca, revealed how some wealthy spouses have placed assets in complex trust funds held by offshore shell companies, so as to make it difficult for their partners to find out how much they are worth in divorce proceedings.
These revelations come shortly after the recent Supreme Court cases of Sharland and Gohil , which ruled in favour of two ex-wives, Alison Sharland and Varsha Gohil, who said they were duped into ‘unfair’ divorce settlements. This set a precedent on how dishonesty would be treated in the family courts, and encouraged some (former) spouses to consider seeking to reopen settlements if they felt they had been misled during divorce proceedings.
The leaked papers may now give potential litigants further impetus, and it should come as a warning to any divorcing spouse who might consider being less than forthright about their finances.
The spotlight shone by documents leaked from a Panama law firm on how wealthy spouses hide their fortunes in divorces could make it more likely for this kind of dishonesty to be investigated, according to family lawyers.