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Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
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.
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.
Our clients frequently come to us with the understanding that where they marry is relevant to where they will get divorced. They assume there is a connection to that place and that there is no choice therefore as to where they might get divorced. These assumptions are wrong and an already complex picture is even more confusing for international couples when it comes to pre-nuptial agreements.
As the number of children born in the UK to foreign parents is soaring, with 1 in 3 nationally and 7 in 10 in London being born to at least one foreign parent, it is no surprise that difficulties increasingly arise when family relationships break down.
Divorcing couples involving foreign nationals are frequently faced with making important decisions about which country to divorce in, the financial support being sought and arrangements for the care of the children. In some cases, the UK immigration status of one party and the child(ren) may also be affected by the separation.
The US and Canadian chapter of the International Academy of Matrimonial Lawyers (IAML) recently held a meeting at the New York State Bar, at which they looked at recent developments in the law pursuant to the 1980 Hague Convention on the Civil Aspects of International Child Abduction. I
Jemma Brimblecombe
Charles Richardson
Oliver Oldman
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