Family Law Hub

G v T [2020] EWHC 1613 (Fam)

An application for financial remedies, following divorce proceedings. The couple married in 2000 and they separated in 2017. They had two daughters, aged 8 and 3. Mr Nicholas Cusworth QC (sitting as a deputy High Court judge) stated that the single most important dispute between the parties was over the value of the husband's interest in a company focused on proprietary trading and market making. He took the husband's shares to have a gross value of £43.4m and a net value of £35.3m, assuming a realisation at CGT rates. He found that a fair spread of the husband's liability would be for him to pay £2,787,595 in 2020, £5m in 2021, a further £5m in 2022, and then a final payment of £4m in 2023. He would be able to withdraw those sums from his interest in the business with no more than proportionate disruption to the company, when balanced against the desirability of providing the wife's award to her and achieving a clean break as soon as practicable.

Judgment, published: 25/06/2020

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Published: 25/06/2020

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