Family Law Hub

AAZ v BBZ & Ors [2016] EWHC 3361 (Fam); [2016] EWHC 3349 (Fam); [2016] EWHC 3234 (Fam)

In a tweet: A 50:50 split in a big money sees W take over £350million

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Case note, published: 12/06/2017

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  • The husband was claiming legal professional privilege such that his solicitor, who had arranged the insurance for a £90 million Modern Art Collection which was ordered to be transferred to the wife, could not be questioned about this matter or about the assets held in a limited company in financial remedy proceedings. The court ruled that there was iniquity such as to justify the lifting of legal professional privilege in this case. Judgment, 12/05/2017, free
  • Judgment in financial remedy proceedings in very high net worth case involving offshore trusts and international enforcement. The wife was awarded £453m, which represented 41.5% of the assets. Judgment, 11/05/2017, free
  • The court ruled that all dispositions of a £90 million Modern Art Collection and the financial assets of a limited company to two financial organisations should be set aside because they formed part of the latest scheme by the husband to hide his assets. This meant that at all material times those assets vested in the husband and continue to do so and therefore remain immediately available for the enforcement of the financial remedy order in favour of the wife. Judgment, 12/05/2017, free

Published: 12/06/2017

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