Need Overcomes Equality Claim in Divorce Settlement
13th September, 2016With new guidance having been issued regarding the interpretation of 'need' for the purpose of financial settlements on divorce, a recent case shows how the courts have been moving away from a rigid adherence to the principle of 'equality' in the division of assets. It involved a wealthy couple who had in excess of £10 million in assets when they commenced divorce proceedings 14 years after they married. The ex-husband argued that his former wife's claim for a half share of the assets was not appropriate because he already owned...