UZN vs UZM: Undisclosed Assets and Adverse Inference- A Forensic Accountant’s Perspective

UZN vs UZM: Undisclosed Assets and Adverse Inference- A Forensic Accountant’s Perspective Article By PracticeForte Advisory Affiliate Wan Yew Fai, CA (Singapore), CPA (Australia), B. Acc (Singapore) In matrimonial cases, it is not uncommon that one spouse will hide assets from the other spouse, especially when the marriage is on the rocks. If this were a corporate or commercial case, that would likely have been classified as “cheating” and be deemed a criminal act.Between a husband and wife however, the recourse for the party being deprived of these hidden assets is adverse inference.In this article, I will share my analysis of how the High Court and subsequently the Court of Appeal applied adverse inference in the case of UZN v…

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