Sentences with phrase «disclose significant assets»

A court can set aside all or part of a contract if one side failed to disclose significant assets, debts or other liabilities.

Most Canadian provinces provide for judicial oversight of prenuptial agreements but the standard of judicial review varies from province to province For example: - Ontario's Family Law Act permits a court to set aside a prenuptial agreement or any portion thereof if a party failed to disclose significant assets or liabilities, if a party did not understand the nature or consequences of the contract, or otherwise, in accordance with the law of contract.

Not exact matches

Each year we voluntarily disclose the total assets that the firm's employees, our families and the Funds» trustees have invested in the Oakmark Funds; as of December 31, 2016, that number is over $ 400 million, reflecting significant share purchases during the past year.

To counter these problems about its lack of assets, the corporate plaintiff had to disclose its financials with «robust particularity», i.e., in a fulsome way, including the following: the amount and source of all income; a description of all assets (including values); a list of all liabilities and other significant expenses; an indication of the extent of the ability of the plaintiffs to borrow funds; and details of any assets disposed of or encumbered since the cause of action arose.