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Separation of Assets
It is a fundamental requirement that both parties fully disclose their financial circumstances when negotiating a settlement following the dissolution of a marriage or cohabitation. In certain situations, one party may intentionally conceal or misrepresent the value of their assets. In such cases, Keo can assist by utilizing factual databases and conducting surveillance investigations to these assets. Individuals who fail to disclose their assets may be mandated provide comprehensive documentation. Furthermore, third parties, including bank representatives, new spouses, and employers, can be compelled to appear in court with pertinent information and documents. If there is a risk of assets being dissipated or removed from the jurisdiction, a request for a “freezing” order may be made. Should assets have already been disposed of, an “unscrambling” order can be pursued. Freezing orders may extend to assets located overseas, and in exceptional circumstances, foreign courts may be approached to issue a 'mirror order' to freeze assets within their jurisdiction in support of the Australian proceedings.