A High Court Judge has recently awarded what is thought to be the biggest financial order made at a final hearing in England.
Sir Chris Hohn and his former wife Jamie Cooper-Hohn, founders of the Children’s Investment Fund Foundation, had fought over assets said to be worth more than £700m.
After having separated after 15 years of marriage, Sir Hohn argued that the wife was not entitled to more than 25% of his fortune because he was the ‘unbelievable money-maker’ and had made a special contribution to their wealth throughout their marriage. However, Jamie argued that the couple’s wealth was created as a result of the ‘partnership’ between them.
The Court ultimately ordered that Jamie would receive a total of £337,000,000.00. Despite being the largest award made by a Court in financial matters on divorce, it is thought that Mrs Cooper-Hohn may appeal to seek more.
Should you be in the process of separating from your partner then please contact our Family Department on 01283 531366 or by way of email to rkausar@astlepaterson.co.uk to discuss matters further.
