A recent Supreme Court judgment on the division of assets in a “big money” divorce has been hailed by the legal and accountancy professions as a landmark ruling. While it was atypical because of the sums involved, it was important because it concerned the movement of assets between spouses for tax purposes and how those …
Continue reading “Court ruling raises need to consider divorce in IHT planning”
There was a high level of anticipation for the introduction of ‘no fault’ divorce in April 2022. Coined as ‘ending the blame game’, it was considered by many as not only an obvious and necessary reform, but also substantially overdue given the ‘no fault’ divorce landscape of other jurisdictions. For many practicing in this area, …
Continue reading “No-fault divorce: three years in practice”
On 2 July, the Office for National Statistics (ONS) released information about the number of divorces in England and Wales. In 2023 (the most recent year for which statistics are available), there were 102,678 divorces (and dissolutions of Civil Partnerships); of those, the Ministry of Justice tell us that 40,873 financial arrangements were litigated to …
Mila had been dating her boyfriend for a year when she got pregnant. They had been keen to have a child together, but shifting into “nesting mode” gave Mila fresh eyes. Her boyfriend would constantly dodge basic tasks like grocery shopping, she said, telling her he didn’t know “how to do it,” even if she …
Continue reading “‘Weaponized Incompetence’ Is Driving Married Women Towards Divorce”
If you are in this situation and are concerned about future finances, Jones Myers Partner Nicki Mitchell – a Mediator, Child Inclusive Mediator and Collaborative Family Lawyer – shares insights on the pitfalls to avoid. Be Open and Honest Not sharing financial information during a relationship can contribute to problems during divorce proceedings. One spouse …
Continue reading “How To Stay On The Right Financial Track During Divorce”
Every so often, like it or not, financial advisors are pulled into a client’s divorce proceedings. And every so often private equity assets need to be divided during those negotiations. And every so often it gets tricky, even for separating couples with clear prenuptial agreements. Private equity assets can be particularly challenging to divide in …
Continue reading “How advisors overcome the private equity problem during divorce proceedings”
A sham trust hid significant assets a High Court ruling has found resulting in an award worth £15m being transferred from an ex husband to his wife. Mario Michael was a prolific property investor and developer in North London who had an interest in over 200 properties. Divorce proceedings against Mr Michael were commenced by …
Continue reading “£15m divorce case a warning to those who might wish to conceal assets”
How far should the Competition Appeal Tribunal (‘CAT’) go in shaping its proceedings in a way that makes it affordable for the claimant to pursue its claim? That was the question at the heart of the CAT’s judgment this week, deciding on case management issues in Yew Freight Trading Limited v Puro Ventures Limited [2025] …
There were more than 655m class members of actions in the Competition Appeal Tribunal (CAT) at the end of 2024 – equivalent to 10.4 class actions for every person in the country – according to new research. The cumulative value of UK class actions overall increased by 10% to over £134bn last year, although the …
Continue reading “Ten competition class actions for every person in the UK”