Translate this site

enzh-CNzh-TW

Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.

Judge Awards Divorce Settlement of £453 Million

A woman has been granted what is thought to be one of the highest divorce settlements awarded by the British courts, the BBC reports.

The names of the couple involved in the case have been withheld, but the husband is known to be a Russian who made his fortune in the oil and gas industry and his ex-wife was apparently born in Eastern Europe. The couple got married in Russia but then moved to England where they lived for many years.

According to the ex-wife, the couple had marital assets worth around £1 billion, which had accrued during the course of the marriage.

She had stayed at home to look after the couple’s children while her husband worked. He initially tried to claim that he had made a ‘special contribution’  to the accumulation of the family’s wealth, but the judge hearing the case disagreed and said that both parties had made equal contributions to the overall welfare of the family.

For reasons that have not been made clear, the ex-husband apparently withdrew from the proceedings shortly before the final ruling.

In this ruling, the High Court judge awarded the ex-wife 41.5% of the assets, which amounts to around £453 million.

Commentators have stated that this is one of the biggest awards made by a British court, although it is impossible to be sure if it is the biggest as divorce cases are often heard in private with financial details kept confidential.

Contact Us

For expert legal advice on divorce and separation in Scotland, including financial provisions in divorce, then contact our specialist family lawyers today.

Interest Rate Rise May Cause Problems for Business...
Many Businesses Not Ready for New Data Protection ...

Related Posts

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

06 October 2017
Estate Agency
Trade body Homes for Scotland has called on the Scottish Government to take action to tackle a lack of activity at the higher end of the housing ladder. ...
26 September 2017
Commercial
The UK Government recently published a paper setting out its position on cross-border civil judicial cooperation with the EU post-Brexit.
19 September 2017
Estate Agency
New research from Prudential has revealed that over 3.9 million over-55s plan to downsize to a cheaper property later in life, and convenience is the main motivator for this move, not the releasing of equity. ...
13 September 2017
Family Law
It is generally acknowledged that the majority of domestic violence victims are female, but this is not always the case and there is growing recognition that a significant number of men can also regularly find themselves subjected to violence and abu...
27 August 2017
Commercial
A new report from the Federation of Small Businesses (FSB) has revealed that small businesses still face many obstacles when attempting to secure public sector contracts. ...
18 August 2017
Estate Agency
New research by Bank of Scotland has revealed that average house prices close to Scottish Premiership football grounds have increased by 20% over the last ten years. ...

Latest Tweets

Connect with us

     

Recent Client Comments