Wills & Trusts Law Reports | June 2015 #150In 2000 Li Quan (the wife) created a charity called Save China’s Tigers. In 2002 her husband Stuart Bray (the husband) established a fully discretionary trust in Mauritius called the Chinese Tigers South Africa Trust (CTSAT) – the sole beneficiary of which was the charity.
In July 2012 the wife was removed as a director of the charity and in August 2012 she filed for divorce and made no mention of the trust. On 17 July 2013 she filed an application by way of amendment to her form A seeking a variation of the post nuptial settlement. The core of her case being that CTSAT was ...
Divorce case Arif v Anwar and Rehan [2015] raises interesting points on beneficial ownership and also costs, as Penelope Reed QC and Nicholas Fairbank report ‘There are no winners when the overall assets are reduced so significantly by the legal costs that adequate provision for the parties is circumscribed.’ In Sofia Arif v Arif Anwar, …
Continue reading "Trusts And Divorce: Family divided"
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Rachel Wilmott highlights the courts’ approach when dealing with financial conduct and litigation conduct ‘There is no formulaic or accurate weighing mechanism for determining how the respective misconduct of the parties should be reflected in any order for costs.’ The decision in US v SR [2014] addresses at length the law on notional reattribution and …
Continue reading "Conduct: The blame game"
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In the first of a two-part analysis Che Meakins discusses different types of agreements between parties in family proceedings and their impact ‘Unless there are “compelling reasons to the contrary”, an agreement should be given effect to where it is freely entered into by both parties.’ The rise of alternative dispute resolution methods may make …
Continue reading "Marital Agreements: Final word"
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