Friday, 17 August 2012

Big Money Divorce Cases


“Senior Judge Likens Wealthy Couple To Squabbling Children”- This was the headline to an article in last month’s Telegraph, reporting on the much publicised breakdown in the marriage of Mr and Mrs Evans – a couple whose assets were valued at over £50 million.

Mr Justice Thorpe stated that the case was almost ‘puerile’ and that someone needed to ‘come into the nursery’ and sort out their ‘nonsense’ – harsh words.

The couple in question were penniless when they married in 1985 and since this time, Mr Evans’ entrepreneurial flair brought in huge success. The family lived a luxurious, opulent lifestyle in the latter part of their marriage – all due to the new wealth that had been brought in.

Mrs Evans was awarded assets of £26 million, but her representatives have appealed this ruling and the parties are still waiting for another hearing to divide their wealth.

It may all seem like childish tantrums to some, but we at Bains Cohen appreciate the concerns that arise when divorce takes place in couples of wealth.  Often such wealth and assets are accumulated during the marriage alone and often, by one of the parties.  To simply give up such huge sums of money may not appear just or reflective of one’s hours of stress and turmoil during the marriage, especially if the breakup of the marriage is not your fault either.  In other cases, parties come in to the marriage with significant assets which need to be protected.

Bains Cohen London Family Solicitors have represented many high net worth clients and entrepreneurs and we have ensured that at each stage, their financial position was protected and looked after.

“Playing in the nursery” is something we do not do, but putting up a battle and preparing a strategic war is what we are experts at.  Divorce is not an easy experience to go through and to pretend otherwise would be a lie.  But with Bains Cohen you place yourself in the care of solicitors with technical know-how and a savvy, innovative approach.  Come and speak to us and see for yourself.

Rupinder Bains
Managing Partner
BAINS COHEN LLP

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