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Financial proceedings can be somewhat messy especially when parties actively try and hide assets in the hope the other party gets less of a settlement than they actually deserve. It can be even messier when parties involve family including their own children in the process of hiding said assets. 
 
This was certainly shown in the case of Akhmedov V Akhmedov and others, a £450m divorce case. 
 
Farkhad Akhmedov involved his son in the process of disposing assets to hinder his ex-wife’s claims, the son even admitted to Mrs Justice Knowles that “he had helped his father protect his assets from his mother’s claims”. Mrs Justice Knowles did not accept the sons case that he was a go between for his father and made it clear his actions were done with intent. 
 
This case has been a major subject for the media due to the nature of the family. Especially the judgement handed down, being that Farkhad was ordered to pay his ex-wife £453,576,152. 
 
Messy financial proceedings can cost parties hundreds, thousands, even hundreds of thousands of pounds more in legal fees and time. Sometimes messy proceedings cannot be prevented, but when parties are both amicable it does show in the outcome and costs. 
 
Hopefully this case will be a learning curve for those parties in a better position than the other wanting to try and hinder claims that may be rightfully deserved. 
 
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admin@yourlocalfamilysolicitor.co.uk 
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