In a family law proceeding, the applicant wife brought a motion seeking extensive financial disclosure from third-party corporate respondents, alleging her husband had an undisclosed ownership interest in them and used them to fund their lifestyle.
The corporate respondents argued they were not bound by a prior disclosure order and that the husband was merely an employee or bare trustee.
The court found the corporate respondents were not in breach of the prior order, as it only applied to the husband.
However, the court ordered the corporate respondents to produce the requested financial and corporate records, finding them highly relevant and necessary to determine the husband's true income and potential ownership interests, subject to the wife signing a Non-Disclosure Agreement.
