Man appeals against High Court ruling after being awarded 95% of $23m matrimonial assets
A man has appealed a High Court ruling that divided his $23 million in matrimonial assets 95:5 in his favor, arguing that pre-marriage assets should have been excluded. The court had previously ruled that his funds were irreversibly commingled, making them part of the matrimonial pool.
Why it matters
Illustrates the legal complexities of asset division in high-net-worth divorces and the interpretation of pre-marital wealth.
The husband had contended that most of the assets held in his name or jointly with his children from a previous marriage should be excluded from the pool of matrimonial assets.
The report is a neutral summary of a legal proceeding and the arguments presented by both sides.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in