Ex-Wife Wins Increased Payout

Ex-Wife Wins Increased PayoutThe ex-wife of a wealthy husband has won her appeal to have hear divorce settlement increased.

The woman argued that the previous £5.4m payout was too low after they separated in 2006. The original payment, awarded in March last year, represented 20 per cent of her ex-husband’s £25m fortune.

Judges at the Court of Appeal in London found that she should have half the value of the assets generated during the marriage, which totalled £16 million.

The woman’s ex-husband was the sole owner of a gas company which he sold during the divorce settlement hearing in May 2007 for £32 million.

The appeal judge said that the husband had in fact received £25m from the sale but “dishonestly suppressed the existence of the negotiations” and had given the value of the company as £3 million.

Frenkels Forensics Chartered Accountants can assist with all types of divorce investigations and matrimonial disputes including valuing businesses and tracing hidden assets.  For more information please contact John Frenkel or Vivian Cohen on 020 8457 2929.


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