An ongoing divorce case, according to reports, could end as the UK’s first billion-pound divorce; if both parties are able to agree on their respective wealth in a ten-day hearing which is expected to start later this month.
The couple, one of the UK’s top philanthropists and a Harvard graduate, married in 1985 and have four children; however the wife filed for divorce two years ago – and in doing so, requested half of the family’s fortune.
However, the philanthropist has argued that his wife is only entitled to 25 percent; with a dispute surrounding the value of the Children’s Investment Fund, which the philanthropist founded being at the heart of the financial dispute within the case.
According to the philanthropist, the Fund is valued at £64 million; however, his wife – who runs a billion pound charity, linked to the Fund – has claimed that his shares are worth substantially more than that; and is appealing an earlier ruling not to allow separate expert evidence about the Fund’s value.
A judge is now set to rule on the divorce, during a ten-day trial which is set to begin at the end of the month, and it has been widely reported that the ruling could end as the UK’s first billion-pound divorce.
The case also highlights the need for those going through a divorce to seek experienced family law advice, such as from the team at Diane Genders Solicitors.
Our family law solicitors in Lincoln are experienced in handling a range of divorce and separation cases; and through our experience within this particular area of law, we are ideally placed to provide honest and tailored advice which ensures the best possible outcome.
To find out how our solicitors can help with your divorce case, come and talk to us today.