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Divorce law blog

Why a change in the law affects divorcing business owners the most


05/11/2012   By: Nigel Shepherd
*This blog post has been updated on 19 November 2012 to clarify that the Court of Appeal did not reduce the wife's award by £9 million as has been mis-reported in the press. Her overall award remains £17.5 million as originally ordered by the High Court. See below for the updated story.* You may have spotted headlines such as "Oil tycoon who used African law to fight £17 million divorce wins landmark case to slash payout to wife by £9 million" in the press last weekend. These all concerned a particularly high-profile decision in a Court of Appeal case called Petrodel Resources Limited v Prest. The case will have a real impact on business owners who are divorcing and will likely mean that wealth protection measures such as pre-nuptial agreements and family investment companies will become more important than ever.

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“A second marriage is the triumph of hope over experience” - but what about a fourth?


15/08/2012   By: Nigel Shepherd
Are pre-nuptial agreements (often called pre-marital agreements now) worth the paper they are written on? How binding are they now and in what circumstances might you want to consider having one?

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