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Detecting assets in financial proceedings (Richardson-Ruhan v Ruhan)

Date:18 DEC 2017
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Family analysis: In Richardson-Ruhan v Ruhan the court was concerned with assertions that assets belonging to the husband were held for him by a nominee, related commercial proceedings and arguments as to sham. Michael Chapman, partner, and Holly Tootill, senior associate, both from JMW, who acted for the wife in this case, answer some questions on this complicated and extensive decision.

Original news

Richardson-Ruhan v Ruhan [2017] EWHC 2739 (Fam), [2017] All ER (D) 84 (Nov)

In the wife's financial remedy proceedings against the husband, the Family Division rejected the husband's contention that he was insolvent as to £2m as a result of some £200m having been stolen from him. In  particular, it found that the husband had had a nominee who had not had a valid claim against him.

Read the full article here.