Family Law Hub

Marital Assets

Latest updates

  • Wife appealed and husband cross-appealed against a financial remedy order where the issues of principle raised related to the manner in which the court applied the sharing principle. They can be summarised as follows: (a) What approach should the court take to the valuation of shares in a private company when determining how to divide the marital wealth; and (b) What approach should the court take when determining what part of the parties' current wealth is properly to be defined as non-marital in circumstances where that wealth includes shares in a private company which was founded by a spouse prior to the date when the parties married or started living together. Judgment, 30/12/2018, free
  • Wife was awarded 52% of the total available assets which were calculated by deducting £6.5m of the husband's post-separation earnings. Judgment, 22/11/2018, free
  • The wife was awarded over £9m from assets worth £38m after sharing, needs and the husband's pre-marital wealth were taken into account. Judgment, 21/11/2018, free
  • Final hearing of an application for financial remedies made in high value net worth divorce proceedings. Judgment, 30/05/2018, free
  • High value financial remedy appeal where the main focus was the judge's finding that he was unable to determine the value or future liquidity of the major business asset and his decision to make a so called Wells order. The court also addressed the impact of a pre-marital agreement, non-matrimonial assets and the sharing principle. Lord Justice Lewison, in the third judgment, makes some interesting points in relation to the difficulties in valuing private companies. The appeal was dismissed. Judgment, 11/05/2018, free

Latest know-how

Latest training

  • Recording of webinar broadcast on 7th February 2019 Webcast, 11/02/2019, members only
  • 12 questions on 3 cases summarised in the May 2018 Family Law Hub Digest CPD course, 05/06/2018, members only
  • Mena Ruparel and Mark Penston unpick the complex task of understanding the different types of remuneration that might crop up in financial remedy proceedings. Webcast, 19/04/2018, members only
  • Joe Switalski, of 29 Bedford Row, reviews the current case law and judicial thinking surrounding 'short marriages' in financial remedy proceedings. Recorded 19 March 2018. Webcast, 21/03/2018, members only
  • Alexis Campbell QC and Charlotte Trace, of 29 Bedford Row, review the key financial remedy cases and themes from the past 12 months and look at how they will affect judicial thinking and your own cases in the year to come. Webcast, 16/03/2018, members only

Copyright 

Copyright in the original legal material published on the Family Law Hub is vested in Mills & Reeve LLP (as per date of publication shown on screen) unless indicated otherwise.

Disclaimer

The Family Law Hub website relates to the legal position in England Wales and all of the material within it has been prepared with the aim of providing key information only and does not constitute legal advice in relation to any particular situation. While Mills & Reeve LLP aims to ensure that the information is correct at the date on which it is added to the website, the legal position can change frequently, and content will not always be updated following any relevant changes. You therefore acknowledge and agree that Mills & Reeve LLP and its members and employees accept no liability whatsoever in contract, tort or otherwise for any loss or damage caused by or arising directly or indirectly in connection with any use or reliance on the contents of our website except to the extent that such liability cannot be excluded by law.

Bookmark this item