Judge rules divorcing couples must be honest with each other – Daily Telegraph

Posted August 29th, 2013 in divorce, financial provision, news by sally

“A business tycoon who lied about his wealth in a £1.8m divorce settlement has been told he may have to pay more after a judge ruled couples have a duty to tell each other the truth when striking deals.”

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Daily Telegraph, 29th August 2013

Source: www.telegraph.co.uk

More couples opt for DIY divorce as legal fees rise – LegalVoice

Posted August 21st, 2013 in arbitration, budgets, divorce, expenses, family courts, fees, news by sally

“With the legal fees for a ‘simple’ divorce in London now at £2,500, DIY divorce websites are reporting a sharp rise in the number of couples using their services.”

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LegalVoice, 19th August 2013

Source: www.legalvoice.org.uk

Russian wife awarded £53 million divorce settlement at London’s High Court – Daily Telegraph

Posted August 15th, 2013 in contempt of court, costs, divorce, enforcement, financial provision, news by sally

“A Russian wife has been awarded one of the highest divorce settlements ever made by an English court after a judge ruled that she should receive more than £53 million from her ex-husband.”

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Daily Telegraph, 14th August 2013

Source: www.telegraph.co.uk

Finance and Divorce Update – Family Law Week

Posted August 8th, 2013 in divorce, family courts, financial provision, news by sally

“Jessica Craigs, senior solicitor and David Salter, Joint Head of Family Law at Mills & Reeve LLP analyse the financial remedies and divorce news and cases published in July.”

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Family Law Week, 7th August 2013

Source: www.familylawweek.co.uk

“Jackson” and committal for contempt in matrimonial cases by David Partington – Sovereign Chambers

“It might be that the sanction of committal for contempt for ignoring orders of the court in respect of providing proper financial information in divorce proceedings may be more likely than before – partly in view of the new climate intended to be fostered by the ‘Jackson’ reforms.”

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Sovereign Chambers, 22nd July 2013

Source: www.sovereignchambers.co.uk

Piercing the Corporate Veil: Ramifications of the SC Decision in Prest v Petrodel Resources Limited – 11 KBW

Posted July 31st, 2013 in company law, divorce, financial provision, news, Supreme Court, trusts by sally

Presentation

11 KBW, 24th July 2013

Source: www.11kbw.com

Judge: couple’s £850,000 divorce is financial suicide – The Guardian

Posted July 26th, 2013 in costs, divorce, judges, news by sally

“A high court judge has said a couple have committed ‘financial suicide’ by spending £850,000 on legal bills during their divorce.”

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The Guardian, 25th July 2013

Source: www.guardian.co.uk

Self-Help Disclosure – Imerman v Tchenguiz: from ‘cheat’s charter’ to ‘damp squib’? (Some guidance, at last, in UL v BK) – Family Law Week

“Andrzej Bojarski of 36 Bedford Row examines the law and the latest guidance relating to self help disclosure.”

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Family Law Week, 18th July 2013

Source: www.familylawweek.co.uk

Important judgment on freezing orders & ex parte orders commented on by David Partington – Sovereign Chambers

Posted July 19th, 2013 in divorce, freezing injunctions, news by sally

“Freezing orders, without notice applications and evidence obtained in breach of confidence – a salutary reminder.”

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Sovereign Chambers, 25th June 2013

Source: www.sovereignchambers.co.uk

Finance and Divorce Update – Family Law Week

“Jessica Craigs, solicitor and David Salter, Joint Head of Family Law at Mills & Reeve LLP analyse the financial remedies and divorce news and cases published in June.”

Full story

Family Law Week, 8th July 2013

Source: www.familylawweek.co.uk

Divorcing a bankrupt, Part II: where insolvency law meets financial remedies – Family Law Week

Posted July 3rd, 2013 in bankruptcy, divorce, financial provision, matrimonial home, news, pensions by sally

“Henry Clayton of 4 Paper Buildings outlines the consequences where a party to financial remedy proceedings becomes bankrupt after the making of a final order.”

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Family Law Week, 28th June 2013

Source: www.familylawweek.co.uk

Wife in £20m divorce rifled husband’s safe while he played golf – Daily Telegraph

Posted June 26th, 2013 in divorce, financial provision, freezing injunctions, news by sally

“A wife persuaded a court to freeze £20 million of her husband’s assets using papers she raided from his safe while he was out playing golf, a High Court judge has disclosed.”

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Daily Telegraph, 25th June 2013

Source: www.telegraph.co.uk

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Prest v Prest and others – WLR Daily

Prest v Prest and others [2013] UKSC 34; [2013] WLR (D) 237

“If a person was under an existing legal obligation or liability, or subject to an existing legal restriction, which he deliberately evaded or the enforcement he deliberately frustrated by interposing a company under his control, the court could ‘pierce the corporate veil’ but only for the purpose of depriving the company or its controller of the advantage which they would otherwise have obtained by the company’s separate legal personality.”

WLR Daily, 12th June 2013

Source: www.iclr.co.uk

Mother sues lawyer for £15m over ‘millions lost’ in divorce – Daily Telegraph

Posted June 19th, 2013 in company law, divorce, negligence, news, solicitors by sally

“A mother is suing her former solicitor for £15 million, claiming that his poor advice cost her millions of pounds in a divorce settlement.”

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Daily Telegraph, 18th June 2013

Source: www.telegraph.co.uk

Prest v Petrodel Resources Limited 2013 UKSC 34 a victory for common sense – article by Elizabeth Darlington – Zenith Chambers

“In summary, the Supreme Court (comprising Lords Neuberger, Walker, Mance, Clarke, Wilson, Sumption and Lady Hale) has unanimously upheld the wife’s appeal and found that the Respondent group of companies held the assets on trust for the Husband. The assets therefore constitute property to which the husband is ‘entitled, either in possession or reversion’ for the purposes of section 24(1)(a) MCA.”

Full story

Zenith Chambers, 12th June 2013

Source: www.zenithchambers.co.uk

The Supreme Court grasps the nettle in Prest v Petrodel Resources Ltd – 11 Stone Buildings

“On 12th June 2013, the Supreme Court delivered judgment in the eagerly anticipated appeal in Prest v Petrodel Resources Limited [2013] UKSC 34. For the second time this year, the Supreme Court has had to grapple with the circumstances in which it is appropriate to pierce the corporate veil, the previous decision being that of VTB Capital plc v Nutritek International Corp [2013] 2 WLR 398 (a case in which a number of 11 SB members were involved). Unlike in VTB Capital, however, this time the Supreme Court grasped the nettle and gave some practical guidance as to the reach and limitations of the doctrine.”

Full story (PDF)

11 Stone Buildings, June 2013

Source: www.11sb.com

Stripping Away the Veil of Deceit: Prest v Petrodel – Family Law Week

Posted June 14th, 2013 in company law, divorce, financial provision, matrimonial home, news by sally

“John Wilson QC of 1 Hare Court analyses the Supreme Court’s judgment in the landmark case of Prest v Petrodel and considers its implications for family lawyers.”

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Family Law Week, 14th June 2013

Source: www.familylawweek.com

Legal advice on divorce prompts most legal complaints – BBC News

Posted June 13th, 2013 in complaints, divorce, legal ombudsman, news, reports by sally

“Divorce cases have prompted the most complaints about lawyers in the last year with individuals being urged to shop around for legal advice.”

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BBC News, 13th June 2013

Source: www.bbc.co.uk

Petrodel Resources Limited and others (Respondents) v Prest (Appellant) – Supreme Court

Posted June 13th, 2013 in company law, divorce, financial provision, law reports, Supreme Court by sally

Petrodel Resources Limited and others (Respondents) v Prest (Appellant) [2013] UKSC 34 | UKSC 2013/0004 (YouTube)

Supreme Court, 12th June 2013

Source: www.youtube.com/user/UKSupremeCourt

Supreme court chooses the ‘third way’ in Prest divorce case – The Guardian

“Lord Sumption’s ruling resolves the dilemma of enforcing the law and doing judgment.”

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The Guardian, 12th June 2013

Source: www.guardian.co.uk