The value of a family business or business interest is treated as an asset and therefore part of the matrimonial pot to be distributed when it comes to negotiating a financial settlement on divorce or...
(Family Division; Munby LJ sitting as a judge of the Family Division; 22 December 2009)
Following a bigamous marriage being declared void the wife sought ancillary relief. The husband refused to file Form E or otherwise to participate meaningfully in proceedings.
The husband was citizen of and resident in Saudi Arabia but his company, jointly owned by his sons, owned assets in England. The court granted a freezing order and ordered that sums owed to the wife for her successful ancillary relief claim should be paid from sums owed to husband by the company. It was not possible for the court to go further as the husband had insufficient control of company.