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Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
There are two surprising things about the decision handed down last Friday (12 December 2014) in relation to the divorce of super-wealthy couple Chris Hohn, the London financier, and his American wife Mrs Cooper-Hohn. The first is that it took so long to see a large contested award that ran to over £100 million – indeed only two settlements in the past ten years have even come close to half that amount. Mrs Cooper-Hohn was given just over one third of their US$1.5 billion fortune five months after the divorce case was heard in the High Court this summer.
Mrs Cooper-Hohn received 36 per cent, or about $220 million short of the prized 50:50 that many thought was in reach. We look at the outcome and compares to other cases.
Last week was a bad one for Hatton Garden. Research from Emory University in Georgia, USA was published, which apparently showed that men who spend more on engagement rings are more likely to divorce.
Article first published in Wealth Briefing on 25 September 2014.
Media reporting of divorce financial cases is troublesome. It is difficult for the parties, who are often high-profile as well as high-net-worth, their advisers and the media.
Sharon Burkill
Natalie Cohen
Caroline Sheldon
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