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Father and son fight over £5.1m divorce settlement

11 Nov

The son says that when the divorce settlement was agreed, his father retained 52.5% of the couple’s joint assets, close to £11 million, and in return agreed to take on all the risks of the business from which his mother had retired.

 

Nigel Dyer QC, representing the 71-year-old father, said any damages award should be a joint liability because the accident happened when his former wife was his business partner.

 

He said it was not foreseeable during the divorce proceedings that the insurers might repudiate liability under the insurance policy and refuse to indemnify the business.

 

via Father and son fight over £5.1m divorce settlement – Home News, UK – The Independent.

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Posted by on November 11, 2010 in marriage, money

 

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