Building on the Sharland & Gohil cases, we see further evidence of the need for full and frank disclosure within divorce proceedings in light of the "Panama Papers." Former wives and husbands who had set up complex trust structures in order to reduce tax implications then turn these structures into instruments to hide their wealth from the divorcing spouse.

If these tax structures are exposed after the divorce proceedings have been concluded and a financial settlement agreed, it is still possible for former spouses to reopen negotiations in light of the 'concealed wealth' of their former partner.