IX v IY

Divorce – Financial provision. Following divorce, the applicant wife was awarded 24.32% of the respondent husband's net assets of £38,274.048. The Family Division held that the award to be made had to be the greater of the sharing or needs-based valuation and thus the appropriate award for the wife was £9.31m pursuant to the sharing principle. When making its decision, the court considered the wife's contribution to the husband's business together with the standard of life that the parties had enjoyed, the parties' pre-marital relationship and children of the family.

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