14 Jun 2017
Alex Carruthers comments in The Telegraph as Court of Appeal rules on equal asset division
The Court of Appeal has ruled in favour of City trader, Julie Sharp, ruling that her former ‘short-term’ husband is to receive a reduced sum of £2m in total, less than the initial £2.74m awarded in 2015.
Alex Carruthers, Partner, commented: “This groundbreaking ruling ultimately dictates that marriage is no longer a financial partnership in some circumstances. This raises far more questions than it answers.
It opens the way for countless legal and philosophical arguments. There was previously no legal distinction between a ‘short’ and a ‘long’ marriage, and therefore no defined point after which wealth generated should be shared.
The only clarity provided by this judgment is that there is now a further issue for divorcing couples to bicker about, and for lawyers to profit from.”
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