Courts in the UK have set aside a 1.8 million pound settlement agreement, after it was discovered the husband had not made full financial disclosure about all of his personal assets.
The couple cannot be named, but the judge has told the husband he may now have to pay more after a judge ruled that couples have a duty to be honest with each other when making such deals reports The Telegraph.
Chaninat and Leeds specialize in divorce law in ThailandThe Court heard that the businessman had shares worth up to £740,000 in one company which had a £50 million turnover but that he had told his wife the company was not trading and therefore had a ‘nil value.’
When couples divorce in Thailand, separate property, namely assets and property acquired before marriage, generally remains the property of the owner. Assets and property acquired during marriage are commonly considered community property with both spouses having ownership rights.
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