In Joy v Joy-Morancho & Others [2015] EWHC 2507 (Fam), the wife sought £27m but the husband claimed he faced “financial ruin”.
The husband had various interests in trusts and the court decided to allow the wife to come back for capital at a later date and just made a maintenance order at the time the case was being heard.
A very interesting case and relevant to more and more cases we deal with where trust assets are involved.
It is also helpful that the husband was ordered to pay some of the costs which will act as a useful precedent in cases where long and detailed analysis can be avoided by using these delayed capital claims.
A judge has executed a costs deterrent after “deceptive” presentations in a divorce case. The couple had spent an estimated combined £2m in costs in the UK as well as legal fees in France and Switzerland.
http://www.newlawjournal.co.uk/nlj/content/costs-warning-expensive-divorce
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