High Court awards £453 million in billionaire divorce

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

If you need any advice on divorce please contact our Matrimonial team at Tayntons for expert legal advice on 0800 1584147.

Article by James Melvin-Bath, Trainee Solicitor

To contact us please call 0800 158 4147 or 03330 145451 or email info@tayntons.co.uk

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