Family Law Hub

Marital Assets

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  • To be broadcast live on Tuesday 16th June 2020, 1pm-2pm. News, 25/02/2020, members only
  • Mr Justice Cohen recently gave judgment in MB v EB (No. 2) [2019] EWHC 3676 (Fam), and sounded a cautionary note to parties in needs-based cases in financial remedy proceedings who run up unreasonably large legal costs under the (mistaken) belief that the financially stronger party will be ordered to pay them. Referring to the recent amendments to FPR 2010 Practice Direction 28A, Cohen J was firm in his judgment that it was not for the wife, in this case, to ‘bankroll this litigation’ which he found to have been unreasonably conducted by the husband. This case serves as a warning to parties who have a needs-based claim that this does not give them a so-called ‘license to litigate’, and underlines the importance of making sensible proposals in negotiations. News, 25/02/2020, free
  • Webinar to be broadcast live on Wednesday 1st April 2020. News, 03/02/2020, free
  • The Court of Appeal recently gave judgment in XW v XH [2019] EWCA Civ 2262, an appeal by the wife (‘W’) against the financial remedy order made by Mr Justice Baker (as he then was) on 21 December 2017 (see XW v XH [2017] EWFC 76). He had ordered that W should receive capital resources which, when added to her own assets, would give her approximately £152m – a significant sum, but equal to only 29% of the parties’ combined capital resources of £530m. Judgment, 03/02/2020, free
  • The court was concerned with: first, the complex calculation and capitalisation of future income streams, which represented the realisation of assets built up during the marriage; and second, the question of whether this would be sufficient to meet future income needs. Judgment, 17/01/2020, free

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