Hughes Fowler Carruthers

01 Mar 2018


Mark Harper comments in The Times on the UK’s appeal to UHNWIs

Home > NEWS > 01 Mar 2018

Another UHNW individual was in court this week, claiming that he could “not get justice in Britain”. Farkhad Akhmedov, 61, has shown “naked determination”, one judge said, to keep his immense £453 million fortune out of the reach of his former wife, Tatiana, but the Court of Appeal judges on Tuesday agreed that his solicitor was rightly ordered to disclose that the businessman’s £90 million art collection was held by “entities in Liechtenstein”.

The stream of foreign UNNW individuals in the courts is a direct result of their arrival in the UK in recent years — and particularly of the attraction, in divorce cases, for wives.

Partner Mark Harper commented that there are political, economic and tax disadvantages in other countries that send UHNWIs here, and that the “allure of English schools is very strong”.

He added that to save on tax, few foreigners will have the bulk of their wealth in the UK. Enforcement of any divorce order, therefore, becomes much harder.

Read Mark’s comments in The Times here


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Academy Court
94 Chancery Lane
London WC2A 1DT

Tel: +44 (0)20 7421 8383
DX: 251 London/Chancery Lane
Email: [email protected]

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