A recent survey into trends in the UK matrimonial market has found that couples have been delaying the decision to get divorced because of the recent recession.
The survey of family lawyers by Grant Thornton UK found that 79% of lawyers questioned said they had seen a delay in divorce proceedings.
The survey also found evidence of parties to a divorce attempting to conceal assets. Only 9% of respondents had not witnessed any such attempt to hide assets, compared to 20% who could say the same in 2011 and 2012.
Chris Clements, Partner, Forensic and Investigation Services, Grant Thornton UK LLP said:
“Concealment is clearly a major issue as is illustrated by the recent public cases of Prest v Petrodel and the ongoing Young v Young matter. What is clear is that concealment, particularly in corporates, will require detailed analysis of the financial records in order to confirm the true position."
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