Financial Remedies on Divorce – When 50:50 Is Not Accepted

In this blog we take a look at financial remedies on Dicko re and a recent court ruling that the usual 50:50 split if assets was not accepted.

In the recently reported case of TT v CDS. The Court was asked to rule on the financial affairs of the divorcing Husband and Wife.

Everything that the parties had was built up during the course of the marriage. This included a successful business a London property and a penthouse in Miami.

The marriage broke down irretrievably and the divorce and ensuing dispute resulted in litigation which was described in Court as being on “a massive scale”. The Husband’s approach to matters was described as “either my way or no way”, with much of his conduct being described as “lamentable”. 

Since the breakdown of the marriage the Husband was found to have acted destructively and, as far as the litigation was concerned, with no regard to the normal rules.

In coming to his ruling, Mr Justice Cohen sought as far as possible to ensure the parties have no further cause to litigate or have to deal, for example, with issues such as enforcement or assessment of costs orders.

The only way he could be confident that the Wife and the children would be properly provided for was for the beneficial interest in the business to be transferred solely to the Wife (Husband was described to have brought that on himself). The properties in London and Miami were divided between them and there was to be a clean break as soon as possible.

Any departure from equality, the Court ruled, was necessary to meet the children’s needs and debts of the Wife, to which the Husband had created a significant part. 

For information on financial remedies in divorce or ancillary relief in general why not contact one of Alexander JLO’s expert Divorce lawyers and see what we can do for you?

Alexander JLO Solicitors are well aware that going through divorce can be very difficult. Whilst the implementation of no-fault divorce back in 2022 has made the legal process much simpler, there are times, especially in relation to financial matters, when input from an experienced solicitor is vital.

With that in mind we have developed a revolutionary new service which will ascertain whether or not it’s wise to have legal advice on finances when going through divorce. Simply called Form Easy it will assess your level and type of assets and determine if you qualify for a free, no-obligation consultation to discuss your case with us and decide on the best ways forward for you. Simply click the Form Easy button, or visit the page here, answer a few short questions and we will let you have our input on whether we can help. 

At Alexander JLO we have decades of experience of dealing with all aspects of family law and will be happy to discuss your case in a free no obligation consultation. Why not call us on +44 (0)20 7537 7000, email us at info@london-law.co.uk or get in touch via the contact us button and see what we can do for you?

This blog was prepared by Alexander JLO’s senior partner, Peter Johnson on 27th March 2020 and is correct at the time of publication. With decades of experience in almost all areas of law Peter is happy to assist with any legal issue that you have. He is widely regarded as one of London’s leading divorce lawyers. His profile on the independent Review Solicitor website can be found Here