Divorce in London: An attractive proposition for some
The London courts are well known for fairness and justice to the financially weaker spouse and many individuals who can demonstrate a sufficient connection with the United Kingdom (usually women) from around Europe are choosing to divorce in London.
At the divorce capital of the World, post divorce advantage for a foreign spouse is by Part III of the Matrimonial & Family Proceeding Act 1984 (MFPA 1984) which provides an opportunity that if all the residential and other criteria are met, to vary the financial arrangements to make a fairer settlement in the London courts. So a divorced spouse can re-visit the financial terms of their divorce and obtain a better deal.
In the exceptional divorce between two foreign nationals who were living in London since 1993, the London family court granted to the wife of a foreign billionaire oil and gas trader includes:
- divorce settlement of £453 million
- an Aston Martin worth £350,000 and an
- art collection valued at £90.
The family court judge found that their marriage amounts to a subsisting marriage notwithstanding the affairs which the marriage clearly survives. Further, the family wealth had been built up during the course of the marriage by contributions from both sides. Top of Form
Usually, the financial arrangements arising from a divorce is 50/50 including child rearing and homemaking, keeping details of parties and the amount of the award private. But, in the above case of divorce between Bernie Eccelstone’s and his last wife Slavica came to light when German Courts forced its disclosure in course of another legal matter.