Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
8 November 2012
Is it two nil to the non discloser?
The recent Court of Appeal decision of Petrodel Resources Limited v Prest [2012] has (once again) caused a ripple of shock amongst family lawyers, and it highlights the conflict between the differing approach of Judges in the Family Division and those in the Chancery Division. The Court of Appeal, by a majority of 2 to 1, overturned an Order for the transfer to the wife of various properties owned by corporate entities which were owned and controlled by the husband.
1 November 2012
A disastrous financial settlement for the husband leads to a windfall for the wife
Christos Malialis and Elizabeth Malialis, both 59, were married for 34 years and have 2 grown up children. As a fully contributing husband and father in a long, financially comfortable marriage, Mr Malialis can be forgiven for expecting that the division of assets would be deliberated with an intention that both parties’ reasonable needs were met.
13 July 2012
Superstars' super quick divorce
At the end of June, Katie Holmes filed for a divorce from her husband of 5 years, Tom Cruise. Now, less than two weeks later, a settlement has been reached and a joint statement released confirming the pairs’ commitment to working together for the sake of their daughter, Suri.
18 August 2011
Inherited wealth ‘protected’ from divorce
In a report published by The Telegraph this week, the High Court has awarded a wife, after 25 years of marriage, only £4.3million pounds in a divorce where the total wealth was between £21million and £24million. The reason given for this unequal sharing of wealth was that much of the Husband’s wealth had been inherited from his family and so the court felt it should remain with him.
27 June 2011
Kluge debt? Get advice fast!
The story that Patricia Kluge, who was once known as “the wealthiest divorcee in history”, has declared herself bankrupt has underlined the importance of receiving joined up legal and financial advice not only upon divorce but also on an ongoing basis.