Matrimonial assets included the former matrimonial home worth and a French château worth. The husband also owned business premises from which he operated an antiques business.
The wife had to take early (and successful) injunction proceedings to stop the husband taking the proceeds from the sale of the business premises to France. The husband was also unwilling to co-operate in the production of documentation.
Capital gains tax relating to the disposal of the French property became an issue as did the tax implications of the joint ownership of the antiques’ business (although the wife had no input into it). This raised issues of income tax on her behalf which needed to be provided for is part of the financial settlement.
On 8 April 2022 Chief ICC Judge Briggs handed down his judgment in the Glam and Tan Limited – in Liquidation v Mrs Danielle Litras case in which the liquidator brought proceedings against the sole de jure director, L, in a claim for misfeasance under section 212 IA ’86.