The costs of security for the children as adults and the level of security
99. There remain two final issues. The first is what happens when the children cease tertiary education. I have not provided for the costs of their security at that point but they almost certainly will continue to have security needs, if only as the children of such high profile parents. The claim was for provision for all three in the sum of £17,196,369 at that point. I have already allocated provision for HRH of £5,500,000 going forward. I consider that a similar sum should be allocated to each child. This is so close to the sum of £5,600,000 that they are receiving for their maintenance as to make no difference. I therefore direct that, on the children ceasing full-time education, the maintenance provision continue at the same rate but payable to them directly and for the entirely different purpose of security. If the figure is not needed, there can be an application to reduce or discharge the order at that point. If it is too little, there can be an application to increase. Either way, the position of the children is protected. Finally, I have to consider the question of the bank guarantee. In simple terms, HH offered £500 million of which I have ordered that he pay £210 million to HRH by way of lump sum. I am therefore clear that the HSBC Bank Guarantee should be in the sum offered less the capital provision ordered. This results in the figure reducing from £500 million to £290 million. I am satisfied that the terms of the guarantee as suggested by HSBC are appropriate.
- MR JUSTICE MOOR:-
- The relevant history, including the litigation history
- Sears Tooth
- Evidence filed in support of the respective cases
- The respective Open Proposals
- The parties’ Case Summaries
- Ilott v The Blue Cross and others
- Lilford (Lord) v Glynn
- Schedule 1 of the Children Act 1989
- Haroutunian v Jennings
- Re P (Child: Financial Provision)
- Ilott
- DN v UD
- Part III of the Matrimonial and Family Proceedings Act 1984
- Agbaje
- More general matters of law
- Moher v Moher
- Baker v Baker
- Prest v Petrodel
- Duxbury
- The evidence of HRH Princess Haya
- The evidence of Director 1
- My conclusions on the issues of principle
- Quantum
- Al-Khatib v Masry
- The security budget
- General maintenance
- The costs of security for the children as adults and the level of security
- Schedule A
- HRH’s home near Kensington Palace
- Castlewood
- Leisure
