País
Family Court
Case No. ZZ20D65691
Fecha:
14-Nov-2022
Error al cargar el documento
Approved Judgment
Mr Justice Mostyn:
The correct entitlements of the wife under the modified PNA and their value
The quantum of child support to be awarded to the wife for the benefit of the children, and whether the award should be secured.
Background
The PNA
“EACH PARTY TO THIS AGREEMENT FULLY UNDERSTANDS AND AGREES THAT HE OR SHE IS RELINQUISHING VALUABLE PROPERTY RIGHTS BY SIGNING THIS AGREEMENT.”
The disputes about the agreement
Issues 1 & 2: The failure by the husband to set up the Joint Investment Fund
Issue 3: The mortgage on Meadow Lane (1), Southampton, New York
Southampton Residence
Issues 4 & 5: Does the Modification Agreement cover Meadow Lane (2)?
Future Residences
Issues 6, 7, 8 & 9: Should the mortgage on the family home be taken at £18m or £16m?
Issue 10: Is the wife entitled to a credit of half the net sale proceeds of 26 Downing Street?
Issue 11: Should the wife be entitled to 100% or 50% of Rue Duphot Nos. 2 and 3?
Paris, France Apartment
Issue 12: Montfort
Issue 13: Latent tax
Issues 14 and 15: Should any of the wife’s legal costs paid by the husband be reimbursed to him?
Legal Fees and Indemnification in Event of Suit to Enforce
Issue 16: Disputed artwork
Artwork
Issue 17: Compensation for stolen jewellery
Conclusion on the wife’s entitlements under the modified PNA
£37,489,392
£37,489,392
The wife’s capital needs
The reasonable annual income to be derived from the wife’s Duxbury fund
£1,110,316
The wife’s child maintenance claim
the child is entitled to be brought up in circumstances which bear some sort of relationship with the father's current resources and the father's present standard of living.
I accept, in accordance with authority, that the children should be able to have a lifestyle that is not entirely out of kilter with that enjoyed by them in Dubai and that enjoyed by HH and his family
future
This case: decision
Conclusion
Permission to appeal (“PTA”)
SCHEDULE 1