Vardags’ director Georgina Hamblin has been interviewed by Lexis PSL on the impact the explosive leak of Mossack Fonseca documents might have on divorce proceedings for high and ultra-high net worth individuals.
Georgina highlighted the way that the leaks could highlight non-disclosure in already concluded proceedings, leading to cases being reopened following the decisions in Sharland v Sharland and Gohil v Gohil, saying that "the Panama Papers could very well be the motivation that many have been waiting for to restart their hunt for hidden wealth".
Drawing on her expertise from a number of high value cases, Georgina discussed the steps some parties take to disguise their wealth and the steps the English courts take to fight this, pointing out the "tremendous powers to undo transactions designed to defeat matrimonial claims, add assets back to the asset schedule (even if they have been spent), and ultimately, send people to prison for non-disclosure".
Reflecting on her own cases, Georgina observed that "extensive financial research, forensic work and enforcement applications" provided by Vardags’ in house forensic team could see "cases turned on their heads".
Vardags Limited (trading as Vardags) is a company registered in England and Wales (Company No. 7199468), with its registered office at 10 Old Bailey, London, EC4M 7NG. Vardags is authorised and regulated by the Solicitors Regulation Authority (SRA Number 535955). The term “director” is used to refer to a director of Vardags Limited or an employee or consultant of Vardags Limited with equivalent standing. A list of the names of the directors of Vardags Limited together with a list of those who are designated as directors is open to inspection at the above address. VAT number: 99 001 7230.