Woman loses £50m divorce fight after claiming husband ‘set up sham offshore trust’


A woman has lost a £50 million divorce court battle after failing to prove her millionaire husband’s offshore trust was a sham.

The former teacher’s estranged husband said the couple had set up the trust for the benefit of their two adult children, though the woman denied the claims.

A judge ruled against her during a private hearing in the Family Division of the High Court, concluding that the trust was “not a sham”.

Detail of the case has emerged in a ruling produced by judge Mrs Justice Robert, who urged the couple to negotiate.

The pair, who have not been named, had already racked up lawyers’ bills of more than £2.2 million.

The judge indicated that the woman would have been able to make a claim for a half share of a kitty of around £60 million, but was now looking at a half share of a kitty of about £10 million.

Mrs Justice Roberts said the dispute about the legitimacy of the trust was one of a number of preliminary issues she had ruled on during the pair’s money battle.

She said both were in their 50s and had built up a property investment portfolio after marrying in the early 1980s.

At one stage, they owned a house abroad which had a swimming pool and a private chapel.

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Source : http://www.standard.co.uk/news/london/woman-loses-50m-divorce-fight-after-claiming-husband-set-up-sham-offshore-trust-a3570411.html

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