An oil and gas entrepreneur has won the right to exclude all of his pre-marriage assets from a divorce split, but must raise his ex-wife's settlement from £5m to £8m.
The Court of Appeal ruling will give clarity to wealthy business owners, who have sought certainty on whether business or inherited assets brought to a marriage can be “ring-fenced” and not shared in the event of a divorce, the Financial Times reports. Katharine Landells, of law firm Withers, says the case offers wealthy spouses a "silver lining". "This case makes clear that, provided there is enough money to meet the parties’ needs, assets brought to a marriage can be ring-fenced and not be shared on divorce.” The wife's appeal centred on what the husband’s business was already wo...
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