The Impact of Coronavirus
Coronavirus (COVID-19) has had an impact on all aspects of divorce and financial remedy proceedings. The impact is found both in terms of practical matters concerning court applications and in terms of family finances including uncertainty about the value of assets and unemployment.
As to practical matters, the courts are now operating in a different way and most financial hearings are taking place remotely (either by telephone or by video call). In addition, as a consequence of the ‘lockdown’, many cases were adjourned. This means that everyone is facing a longer wait for their hearings and when hearings do take place, they take place ‘remotely’. This is a challenge to all of us. The Harcourt Finance Group have experience of all of these issues and can provide practical advice, support and representation through the process. We are also available to advise as to the use of ‘private’ FDRs and arbitration to speed up the resolution of cases.
As to the impact of COVID-19 on family finances, we are extremely well placed to advise our clients as to the ways in which the court approaches these new and challenging matters which include redundancy, reductions in pay, uncertainty around the value of pensions and other investments and the vagaries of the housing market.
We are also able to offer advice on variation and set aside, both of which might need to be considered as a consequence of the changes in families’ financial circumstances which have been brought about by the crisis.
|_ga||third party||2 years||This cookie is installed by Google Analytics and collects information on how users interact with the website. The cookies store information anonymously and assigns a randomly generated number to identify unique visitors. It is used to distinguish users.|
|_gat||third party||1 minute||Google Analytics cookies to track users as they navigate the website and help improve the website's usability.|
|_gid||third party||24 hours||This cookie is installed by Google Analytics and collects information on how users interact with the website. The cookies store information anonymously and assigns a randomly generated number to identify unique visitors. It is used to distinguish users.|
|cookielawinfo-checkbox-necessary||session||1 year||Records the default button state of the corresponding category. It works only in coordination with the primary cookie.|
|pum-*||persistent||1 day||Saves when popup (modal) is closed by user and prevents the popup to show up again.|
|viewed_cookie_policy||session||1 year||Is the primary cookie that records the user consent for the usage of the cookies upon accept and reject. It doesn't track any personal data and is set only upon user action (accept/reject).|