Insurance king's ex-wife wins battle to keep £48m divorce settlement

Major Tom · #1 25th-May-2007

You might remember reading this thread.

Well, this is the latest in the story.

Quote:

Insurance king's ex-wife wins battle to keep £48m divorce settlement

The housewife who won more than £48million in England's biggest ever contested divorce payout said today: "I know it's a huge sum but it's fair."
Three Appeal Court judges found that the ex-wife of insurance magnate John Charman is entitled to the money in a landmark ruling.

Today's judgment confirms London as "the divorce capital of the world" and could lead to even more "divorce tourism" by disgruntled exwives seeking payouts.

The case has been watched closely by lawyers currently negotiating the settlement following the marriage break-up of Sir Paul Mc Cartney and Heather Mills.

Leading divorce QC Martin Poynter who represented Ms Charman, of Sevenoaks in Kent, is also acting for Ms Mills.

The Appeal Court judges acknowledged the dangers and called for a thorough review of the law. But outside court, Ms Charman, 53, insisted she deserved every penny.

"I acknowledge the sum is huge by any standards, but the Court of Appeal has decided it fairly reflects the contributions made by John and me during our 28-year marriage," she said.

Mr Charman built up a major career in the City before establishing his own business, which created the family wealth of £131million.

The couple married in 1976, divorced in 2005 and have two grown-up children. The key dispute concerns the £70million trust fund Mr Charman had set up for his children in Bermuda, where he is now based.

Mr Charman, 54, was not present for today's hearing said in a statement: "I intend to appeal against this decision which I genuinely believe is wrong."

He was refused permission to take his case to the House of Lords for a final appeal at the highest court in the land but can apply to the Law Lords directly.

Payment of the money was suspended pending a result of any appeal to the Lords.

Mr Charman went on: "English family law is in a mess. It is muddled, incomprehensible and lags behind that in most other countries.
"It allows judges to make decisions on a variety of criteria, to the detriment of everyone involved, apart from those making claims against high net worth individuals and their lawyers, who are getting rich by capitalising on the uncertainties which prevail.
"With every big money case which comes before the courts at the moment different rules seem to be applied, depending on the judges involved.
"It's now all something of a lottery and has little to do with fairness or justice. Until the law changes those that follow after me will suffer similarly."

Sounds like this guy could be a potential recruit for the mens movement. He is already well aware of the B.S. in the courts.

Tyrael · #2 26th-May-2007

Marriage is so corrupted in western countries (due to feminism) that it has become a legal way for a spouse to empty about half of your bank account and take much possessions, simply for being married a short while.

**Percy** · #3 26th-May-2007

Wot ! An 'Insurance King', who didn't take out any insurance against the 50/50 liklihood?

Not even a 10c Full Metal Jacket?

What a fuckwit.

He will end up giving a fortune away .... but nothing to the Men's Movement.

When are these thick, rich buggers going to wake up and fight?

If he and Geldorf and McCartney each put in 10% of what they are losing - giving it to the MRM - and spent another 10% buying a reliable tailor specialising in metal jackets, they would still be 80% better off and the MRM could reverse all the femonazi crap.

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Insurance king's ex-wife wins battle to keep £48m divorce settlement

Insurance king's ex-wife wins battle to keep £48m divorce settlement

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