Millionaire couple battle over £11m fortune in divorce court

first_imgShe says she is entitled to half of an £11 million fortune and has complained that prenuptial agreements will leave her with around £500 000.The man, a 50-year-old businessman who manages an asset portfolio, disagrees.He says he made it “clear from the outset” that he would not marry without a prenuptial agreement and says his estranged wife is “entitled to nothing beyond” half the value of a house they shared in Berkshire.Mr Justice Francis oversaw the latest stage of the dispute at a private hearing in the Family Division of the High Court in late December.The judge said the pair, who have two children, could not be identified. He said they had started living together in 1994 and married in 2000. “She described how on either the Saturday or the Sunday she and (the man) were lying on the bed relaxing when the husband ‘got up and took a document out of his luggage and told me you will need to sign this prenuptial agreement before we go home on Monday’,” said Mr Justice Francis in his ruling.”She says that he was very matter-of-fact.”The judge added: “She says that he told her that ‘it wasn’t about me or us it was about his businesses’, and that he told her repeatedly that it was ‘just a piece of paper’ and that it would not make any difference to her.”Crucially she says ‘he told me if ever we divorced I would carry on financially just as before. Nothing would change. A wife claimed her millionaire husband tricked her into signing prenuptial agreement to protect his fortune by telling her it was a “just a piece of paper'”, a divorce court heard .The pair, both Swedish, married and moved to England after making the agreement during a romantic weekend at a luxury hotel near Niagara Falls nearly 17 years ago.Detail of their row over money has emerged in a High Court judge’s ruling on the latest stage of litigation.Mr Justice Francis heard how the woman, 49, had complained that the Niagara agreement – and two other similar agreements – was unfair and should be ripped up. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Their marriage had broken down in 2014 and legal proceedings had begun in Sweden and England in 2015. Mr Justice Francis said a judge in Stockholm should get a chance to decide on the woman’s claims for a lump sum and maintenance.He said the Berkshire house should be sold and the proceeds split evenly.The judge said the woman had told of events during a romantic long weekend in a luxury hotel at Niagara-on-the-Lake, near Niagara Falls in Canada, in July 2000. The husband denied that the wife was in any way shocked or offended by the idea of a prenuptial agreement,” said the judgeMr Justice Francis “The prenuptial agreement would not make a difference to me. I should trust him, he said, because he had always looked after me. He made me feel guilty for implying that he might not stand by his word’.”He said the woman had made a note in her diary, which read: “Cosied up in the morning. Went to the Niagara Falls. Back to the hotel and had a massage and pedicure!”Went for a walk and ate at a worthless Italian restaurant. Was at the hotel and watched a video. Signed the marriage papers.”Mr Justice Francis said the man had said he “could not recall signing the agreement during the course of that Niagara weekend” although it was “perfectly possible”.”The husband denied that the wife was in any way shocked or offended by the idea of a prenuptial agreement,” said the judge.”He says that he made it clear from the outset that he would not marry without a prenuptial agreement and that marriage was simply not something that was particularly important to him.” The couple made the pre-nup agreement near the Niagara Falls, the court heard The couple made the pre-nup agreement near the Niagara Falls, the court heardCredit:GETTYlast_img read more

US25M impact on TT economy from Hero CPL

File photo: Denesh Ramdin leads the Knight Riders celebration Randy Brooks ( CPL T20 / Getty Images)The Hero Caribbean Premier League (CPL) recently announced the tournament’s economic impact for the twin island Republic of Trinidad & Tobago for 2018, created a total fiscal returns of US$25,689,199, a significant increase from 2017.Hero CPL 6 bowled off from 8 August and ended 16 September last year and stats showed an increase on the 2017 figure even with the tournament having two fewer matches in the country in 2018. The figure has been calculated using organizer spend, visitor spend and media value and was collated for Hero CPL by world-renowned researchers, SMG Insight.In addition to that economic impact figure the Hero CPL employed 254 staff in Trinidad & Tobago and filled 8,573 hotel rooms during the 2018 event. The value of media exposure and mentions of Trinidad & Tobago from this coverage was US$5,490,704, more than double that achieved in 2017.The Hero CPL spent US$4,069,867 in Trinidad & Tobago during the 2018 event with the tournament hosting seven matches in the country, a significant investment that shows the commitment to staging cricket at both Queen’s Park Oval and the Brian Lara Cricket Academy.Speaking about the report from SMG Insight the Hero CPL Chief Executive Officer, Damien O’Donohoe said: “Trinidad & Tobago has always been very good to us as a tournament, with local support being absolutely fantastic. It means a lot to us that we are able to deliver tangible economic benefits to the country. The finals for the 2018 tournament were fantastic and we can’t wait to be back in Trinidad & Tobago in 2019 to get the party started again.” He ended. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedT&T’s economic impact from CPL 2017 totals US$23.6MJanuary 10, 2018In “Sports”2017 Hero CPL makes close to US$100M impact on region’s economyJanuary 16, 2018In “Business”Hero CPL makes over US$25M impact on Guyana’s economyJanuary 29, 2019In “latest news” read more