High Court awards £453 million in billionaire divorce

May 12, 2017

A Russian billionaire who recently sold his company for over £1 billion has been ordered to pay his wife £453m in a divorce settlement at the High Court.

The payment in this case has been described as one of the biggest awards made by a UK court in divorce proceedings.

The 61-year-old, former oil and gas trader, met and married his ex-wife in Moscow before moving to Surrey with the 41-year-old from Eastern Europe.

Mr Justice Haddon-Cave awarded the woman 41.5% of the “total marital assets” with a ruling made preventing the man and the woman from being identified.

Neither party was in court for the ruling.

For further details please read the article on the BBC News website Click Here

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Article by James Melvin-Bath, Trainee Solicitor