Petrodel Resources v Prest [2012] EWCA Civ 1395
Judgment date: 26 October 2012
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Piercing Trust Structures in Switzerland in Aid of Financial Claims in England
[2026] 1 FRJ 26. Swiss courts possess domestic tools to pierce through foreign trust structures and make orders in respect of their underlying assets. This article examines what those tools are and how they may be deployed in aid of financial remedies proceedings in England.
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In this seven-day final hearing of a long marriage with adult children, the computation and distribution of a variety of assets were determined by a robust analysis and application of the case law by Mr Nicholas Allen KC.
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Fiona Hay sitting as a Deputy High Court Judge. Final hearing. The key issues revolved around a business which H had inherited shortly before the parties began cohabiting but which had been transformed during the marriage, arguments concerning non-matrimonial property, and a s 37 application.
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