We acted for the applicant wife in financial proceedings.
An unusual feature of the case involved a second property which the husband purchased, in his sole name, following the parties’ separation. Our client relinquished any interest in the property as her husband had purchased the property with a significant loan from his brother (HSBC loan agreement in place) and assistance with mortgage. The equity in property was circa £5780. The equity in the FMH was circa £352K, other capital assets amounted to circa £131,500, and the total pension pot was circa £238,184.
At FDR – overall settlement was a 60/40 capital split in wife’s favour and 55% pension share in wife’s favour of husband’s pension.
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.