Information Technology Law Reports - Volume 17 - Issue 4

This edition of Information Technology Law Reports contains one High Court decision, AB v CD, concerning a consent order in financial remedy proceedings. The husband applied to set aside the consent order on the basis that the wife failed to disclose that an investment of £3.5 million was about to be made in a company of which she was a director and shareholder. Both held shares in the company. The consent order provided for the transfer of the husband’s shares in the company to the wife. The wife contended that her employment contract prohibited her from releasing confidential company information while the husband maintained that the wife had failed to make full and frank disclosure and that his shareholding had been transferred at an undervalue. The husband’s application was granted as the information provided by the wife had not been full and frank but there had not been deliberate fraud or deception. The non-disclosure was material.

Richard Budworth
Editor, Information Technology Law Reports

High Court of Justice 
Family Division
Roberts J
11 January 2016 
[2016] EWHC 10 (Fam)

Disclosure – divorce – confidential information – finance – setting aside consent order – share valuation – commercially sensitive information – application granted.