Credit crunch not enough to overturn settlement

Case:  Myerson v Myerson

Philip Way represented the husband in complex financial proceedings which involved a multi-million pound shareholding in a quoted company. With a recession in full swing and a declining global economy, the Court of Appeal was asked to consider whether significant and dramatic changes in the value of assets, following the onset of a credit crunch, should be a sufficient reason for setting aside a financial settlement and dealing afresh with matters. The much-anticipated judgment – which is still referred to ten years on – confirmed the court’s reluctance to re-open orders in all but the most exceptional circumstances. 

A link to the judgment can be found here

  • Philip Way

    Partner

    Philip Way

    Partner

    • +(44)(03443 276242
    • Contact Philip

      Contact Philip Way

       
       
         
       

      Mills & Reeve will use the information you provide in this form in accordance with our privacy policy. We may from time to time send you general updates by email or post that we think you will find of interest. This includes notification of upcoming event and updates or alerts containing relevant legal news. You can update your preferences at any time and will be able to easily unsubscribe from anything that you do not wish to receive.

      Thank you

      Thank you for your enquiry. We will be in touch shortly.

    • Leeds
Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
Sites