Friday, 3 February 2012

Tycoon grounded by divorce courts

Scot Young will today ask the court to return his passport which was confiscated in proceedings concerning his divorce settlement as punishment for his failure to provide full information about his finances.

Mr Young says the removal is a breach of his human rights and indeed the penalty does at first seem draconian - particularly as Mr Young says he wants to travel to China to undertake charitable work.

But what of the rights of Mrs Young to a fair divorce settlement? How can her divorce solictors give her accurate divorce advice without a true picture of Mr Young's financial affairs?

The case is a reminder that the court's take very seriously the obligation in divorce proceedings to provide details of all your finances and can impose harsh penalties for those, like Mr Young, who fail to comply.

Take advice from an expert divorce solicitor or you might find yourself grounded too.

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