‘Sue Brookes, Senior Associate with Mills & Reeve LLP analyses the news and case law relating to financial remedies and divorce during December 2017.’
Family law Week, 10th January 2018
Source: www.familylawweek.co.uk
‘Bitcoin is a form of digital currency developed in 2009. It is created and held electronically in a decentralized system meaning that no one and no government controls it. Bitcoins aren’t printed but are ‘mined’ by both people and businesses using software that solves complex mathematical problems. Prone to volatility, Bitcoin hit the news last month after it reached an all-time high then dropped in value by almost 20% in a time period of only 90 minutes. Despite its erratic nature, the interest and investment in Bitcoin is rapidly growing and with more people holding Bitcoin, it is likely to be a far more common asset in divorce proceedings. Further, the extra privacy given to Bitcoin holders, as opposed to those who hold money in a bank, has led to many discussions on whether it will be the case that non-disclosers in divorce proceedings will increasingly try to hide assets through Bitcoin.’
Family Law, 11th January 2018
Source: www.familylaw.co.uk
‘Separating couples now typically spend £14,561 on lawyers and lifestyle costs, plus an additional £35,000 to rent or £144,600 to buy new property.’
The Independent, 11th January 2018
Source: www.independent.co.uk
‘Under the headline ‘Jamie and Louise Redknapp’s divorce papers to be kept secret as a judge blocks the release of documents’ the Transparency Project reported last week-end that the Press were complaining a London court had ‘blocked the release of papers that would normally be made public and he has not given a reason why’. The Daily Mail, TP said, had complained: ‘A judge has thrown a blanket of secrecy over the’ couple’s divorce.’
Transparency Project, 9th January 2018
Source: www.transparencyproject.org.uk
‘Reform is a constant feature of the family justice system—Geraldine Morris questions whether the underlying issues are being addressed.’
New Law Journal, 5th January 2018
Source: www.newlawjournal.co.uk
‘January 8 is being dubbed “Divorce Day” by lawyers because of the spike in couples considering ending their marriages after the festive period’. So says a quality broadsheet. Well, it really ought to know better. Come to that, so should the Press Association announcing a story: ‘”Divorce Day” looms with sharp post-festive rise in couples considering split’.’
Family Law, 5th January 2018
Source: www.familylaw.co.uk
‘Frances Bailey Principal Associate and Naomi Shelton, Associate with Mills & Reeve LLP, analyse the news and case law relating to financial remedies and divorce during November 2017.’
Family Law Week, 6th December 2017
Source: www.familylawweek.co.uk
‘Family analysis: In Richardson-Ruhan v Ruhan the court was concerned with assertions that assets belonging to the husband were held for him by a nominee, related commercial proceedings and arguments as to sham. Michael Chapman, partner, and Holly Tootill, senior associate, both from JMW, who acted for the wife in this case, answer some questions on this complicated and extensive decision.’
Family Law, 18th December 2017
Source: www.familylaw.co.uk
‘Reform is a now a feature of the family justice system – Geraldine Morris asks whether the underlying issues are being addressed?’
Family Law, 14th December 2017
Source: www.familylaw.co.uk
‘A forensic accountant has a number of functions. If they are the single joint expert (SJE) in the context of divorce proceedings, their job is usually going to be to value one or more of the parties’ business assets.’
Family Law, 13th December 2017
Source: www.familylaw.co.uk
‘Once upon a time, His Royal Highness Louis Xavier Marie Guillaume, Prince of Luxembourg, Prince of Nassau and Prince of Bourbon-Parma married Tessy Antony, now Her Royal Highness Tessy Princess of Luxembourg, Princess of Nassau and Princess of Bourbon-Parma. Unfortunately, they did not live happily ever after, as, after 11 years of marriage and two children, they are now divorcing in the High Court in London.’
Transparency Project, 11th December 2017
Source: www.transparencyproject.org.uk
‘The issue of single parent families has attracted the attention of headline writers for more than a generation. But in the reporting of data relating to them, much of it centres on the two million single parents who comprise a quarter of all UK families with dependent children. Notably, rather less coverage is given to the 3.2m children who live with a single parent, most of whom come from a divorced family. Far less likely to make headlines is that many of these children are adversely affected by parental conflict.’
Family Law, 11th December 2017
Source: www.familylaw.co.uk
‘The Islamic Sharia Council and the Jewish Beth Din provide private, faith-related dispute resolution in a non-legal setting.’
Family Law, 11th December 2017
Source: www.familylaw.co.uk
‘The Times and The Telegraph are reporting that new courts are being established to deal with the financial side of divorces for the wealthy.’
Transparency Project, 8th December 2017
Source: www.transparencyproject.org.uk
‘Divorce battles among the super wealthy will be heard in separate courts under a plan to make the system more efficient, the head of the family court has announced.’
Daily Telegraph, 4th December 2017
Source: www.telegraph.co.uk
‘Legal experts believe new Financial Remedies Courts (FRCs) should provide claimants and respondents with greater predictability, when resolving financial claims on relationship breakdown. Three FRCs will be piloted in London, the West Midlands and South East Wales from February 2018. Judges in FRCs will have a greater level of expertise in financial cases. Partners at Mishcon de Reya and Alexiou Fisher Philipps say this will lead to greater predictability of outcome, which the Law Commission has found is not always the case at present, and that it will free up more time in the overburdened family courts.’
Family Law, 6th December 2017
Source: www.familylaw.co.uk
‘For many couples pets are an integral part of family life. But when relationships break down, it is not uncommon for arguments to arise about who gets to keep the family pet. So how do these disputes get resolved and what are the rules?’
Family Law, 1st December 2017
Source: www.familylaw.co.uk
‘The ex-wife of a travel boss who had multiple affairs is demanding a share of his future earnings on top of a £10m divorce payout, the court of appeal has heard.’
Daily Telegraph, 29th November 2017
Source: www.telegraph.co.uk
‘Professional advisers need to tread very carefully when a client wants to pursue an aggressive strategy to frustrate a spouse’s financial claims during divorce proceedings. Aggressive asset protection might well achieve a client’s financial objectives – at least in the short term. But the consequential reputational damage caused to the client, his or her advisers and their firms can be severe – and lasting.’
Family Law, 28th November 2017
Source: www.familylaw.co.uk
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