“An overhaul of the law on how to split a divorcing couple’s assets was urged by senior judges yesterday as they ruled that a woman can keep her £48 million award – the biggest ordered by British courts in legal history.”
The Times, 25th May 2007
Source: www.timesonline.co.uk
“A millionaire businessman has lost an appeal over a £48m divorce award made to his former wife.”
BBC News, 24th May 2007
Source: www.bbc.co.uk
“An online divorce company this week became the first to advertise its services on UK television, offering to arrange settlements for as little as £65.”
The Times, 23rd May 2007
Source: www.timesonline.co.uk
Family home is at risk from trustee after court transfer
Chancery Division
“Where an interest in property was transferred under a property adjustment order in matrimonial proceedings by a spouse who was later made bankrupt, the transfer could constitute a transaction at an undervalue and be set aside on application by the trustees in bankruptcy.”
The Times, 14th May 2007
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
“Former wives risk losing their financial settlements if their ex-husbands are made bankrupt within five years of a divorce, the High Court has ruled.”
Daily Telegraph, 11th May 2007
Source: www.telegraph.co.uk
Hill and another v. Haines [2007] EWHC 1012 (Ch)
“Since an applicant for ancillary relief under ss 23 to 25 of the Matrimonial Causes Act 1973 did not give consideration in “money or money’s worth” within the meaning of s 339(3)(c) of the Insolvency Act 1986 for relief obtained, any transfer of property made by a bankrupt ex-spouse pursuant to either a court order made in the ancillary proceedings, or a settlement agreement, was a transaction at an undervalue and would be set aside on application by the trustees in bankruptcy.”
WLR Daily, 3rd May 2007
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Thousands of divorcees risk seeing their assets plundered to meet their former spouses’ debts after a landmark ruling that they are no longer protected from his or her creditors when they split.”
The Times, 10th May 2007
Source: www.timesonline.co.uk
Keeping court informed in overlapping jurisdictions
Court of Appeal
“In cases involving overlapping proceedings in different jurisdictions there should be someone on each team who was able to inform both courts of the progress of the case in the other jurisdiction.”
The Times, 25th April 2007
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
“A judge has criticised the ‘grotesque waste of family resources’ by a couple who have spent £1.5m in lawyers’ fees on their divorce battle.”
BBC News, 20th April 2007
Source: www.bbc.co.uk
“Wives divorcing high-earning husbands in the UK are not entitled to an unlimited share of their future income, a high court judge has ruled in the latest ‘big money’ case involving wealthy City of London figures.”
Financial Times, 13th April 2007
Source: www.ft.com
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