ND v SD and others

Divorce – Financial provision. The Family Division determined, as preliminary issue in the course of the wife's application for financial remedy orders, that the husband's transfer of his shares in two companies to a trust in their children's favour had not been a sham. However, his subsequent trust deed recording his beneficial entitlement to all issued shares in one of those companies had been a sham and 50% of those shares had been held in equity for the wife.

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