Get a Call Back Call: 0800 321 3832
Get a Call BackCall: 0800 321 3832

Family Law Blog

Comment on divorce & family law

I had £400million but it has all gone

Scot Young, a property tycoon and a “fixer for the super rich” has apparently been threatened with prison during his wife's application for a divorce settlement.

It seems he has claimed that whilst he may have had assets worth about £400 million when they were together he is now penniless and several of the properties have been repossessed. But he has not provided any evidence of where the funds have gone The Times reports.

The Court has just given him days to come up with the evidence or he may well go to prison for contempt. They also removed his passport.

I'm not suggesting he is telling lies and in any case it isn't all that easy for those who do, to keep the main facts away from experienced divorce Judges and divorce solicitors. The financial divorce settlement procedure contains various occasions upon which a party can be required to produce evidence of property and where funds have gone to if it has been sold. It is especially hard to hide property sales.

Normally, the best way to deal with a divorce settlement is to be open and clear from the very start and pursue a negotiated settlement.

Meanwhile you and I are reportedly paying his legal fees as he has legal aid. 

Andrew Woolley
Divorce Solicitor

Blog Author - Andrew Woolley

Andrew WoolleyAndrew Woolley

Andrew is the owner and managing partner of Woolley & Co. He regularly offers comments and views on a range of family law issues.

Find a Lawyer