A recent High Court decision has considered costs related issues in multi-party litigation. The judgment is a careful examination of claimants’ exposure to adverse costs as well as how adverse costs insurance intersects with requirements for posting security for costs. Re Ingenious Litigation In 2014, HMRC launched an investigation into film and video game investments promoted by the Ingenious Media Group leading to enforcement action. Over 500 investors in those schemes subsequently launched proceedings against Ingenious companies, the group chairman and certain banks and advisors, variously alleging negligence and fraudulent misrepresentation. The claims are being case managed together. Although no [...]
Healing after a breakup takes time. It isn’t easy. BUT, there is one thing that will prolong your sadness, and might even keep you sad forever. Let me explain… HAVE YOU EVER LOST SOMEONE YOU LOVE? Someone who touched you at the core of your being and who in your wildest dreams, you never thought about living without? Have you experienced a loss so painful that you couldn’t imagine how you would put one foot in front of the other without that person by your side? Suddenly, they are out of your life and you are faced with a reality [...]
Dating someone who is divorced is complicated. Very complicated. You’ve got an ex in the picture, you’ve got his ex, you’ve got the kids, you’ve got his kids, you’ve lifestyle changes, you’ve got financial issues and child support payments… Let’s be honest. In dating someone who is divorced you’ve got baggage. Both of you. It’s not an insult. I myself am divorced and I have baggage. Everyone does. Even people who aren’t divorced. All that said, there are benefits to dating someone who is divorced. Here are 5: 1. Divorced people are real. The person I am today and [...]
You wait and you wait and you wait and it seems like your divorce is never going to be final. Am I right? Months go by, even years, and still, it lingers on. There always seems to be an issue that pops up that delays things, and then his lawyer is on vacation and then your lawyer is on vacation and then one of you changes your mind on something–you decide you want to stay in your house or your ex decides he wants more parenting time, and again, the divorce continues. Finality seems so close, but yet so far. [...]
ALSO READ: Why my mother-in-law wore a wedding dress on my big day A judge has ruled that men can be allowed sole custody of children, revoking a long-held view that only women are primary caregivers. High Court judge Joel Ngugi declared that it is a fallacy to imagine that men cannot be primary caregivers but can only be breadwinners. The ruling arose from a child custody battle between an estranged couple which parted ways after the man caught his wife in their matrimonial bed with their house boy. The man, named in court records as JKN, lost custody of [...]
When you and your spouse part ways, you need to be prepared for the price tag that goes along with the dissolution of a marriage. Wedding cake with angry married spouse figures on top of it. More Image source: Getty Images Nolo estimates the average cost of divorce at around $15,000 -- and that’s just for the legal fees you must pay to formally end your union. After divorce, you may also have to give up some of your savings and property to your spouse and could end up ordered to pay alimony and child support. While divorce is expensive, the [...]
If your image of divorce is a bloody battlefield of husband and wife, expensive lawyers, frosty court rooms and children being told to forget birthday and Christmas gifts for the next decade, a new style of Collaborative Practice may come as a surprise. As unlikely as it might seem when the focus is on people splitting up, ‘collaborative divorce’ has become an increasingly common way for couples to mutually agree a legal, financial and emotional arrangement for a separated or ‘parenting apart’ future.
The aim, reports Consensus Collaboration Scotland – the umbrella association for professionals and experts who employ [...]
A High Court judge has urged a rich Sheffield businessman and his wealthy estranged Austrian wife to agree a truce after being told how they had run up £1 million in lawyers' bills while fighting over less than £2 million. Mr Justice Holman said engineering firm boss, and Conservative Party donor, Sir Andrew Cook and interior designer Baroness Angelika Hirsch-Stronstorff had spent "very, very disproportionate" amounts on legal costs following the breakdown of a three-year marriage. He said they should try to reach an out-of-court settlement which was reasonably fair and put their fight over money "to bed". The judge [...]
While the number of marriages in South Africa drops each, year, the rate of divorce is sadly on the rise. In general, the financial implications of a divorce are devastating and often result in both partners having to significantly lower their standards of living post-divorce. With so many emotional, financial and logistical implications, the decision to divorce is seldom taken lightly. From a financial-planning perspective, there is much to consider when planning a divorce. 1.Understand your marital property regime The starting point of any divorce negotiation is to understand the marital property regime that you are married under. How you [...]
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