Russian oligarch’s wife gets hundreds of millions of pounds. Britain’s biggest divorce settlement worth “hundreds of millions of pounds sterling” was agreed on Friday, 22nd July in the High Court.
The ex-wife of a Russian oligarch made legal history with the payout. The oligarch agreed to pay after admitting unreasonable behaviour.
He said in court papers that he had no intention of defending the petition and asked if he objected to paying the costs, he replied : “No, subject to assessment”.
The previous UK divorce record was set when an insurance broker was ordered to give his former wife Pounds Sterling 48 million in 2006.
In the hearing on Friday, the judge was told by lawyers the couple “had worked very hard to reach an amicable settlement öf their financial dispute.
The judge said “It is completely appropriate for me to approve this order and I am very happy to do so, and my congratulations to all concerned. It does not matter whether the awards are thousands of pounds or hundreds of millions of pounds.
Ät the end of the day, if the husband and wife ”can reach agreement they can both live with, it bodes well for their future welfare and for the children of the family and to continue working for the benefit of all of them.”
Often clients use the English Courts to divorce because of the large settlements which are granted.
