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John Charman, the eighth-wealthiest man in the City of London, tried to prevent his wife from gaining access to an offshore trust fund said to be worth 65 million pounds. He failed on Tuesday in his appeal against a High Court order that gives Beverley Charman details of the Bermuda fund and could affect the size of her settlement.
The ruling is the latest to indicate the sympathy of English courts towards wives in the division of wealth. Generous settlements by judges are turning England into the destination of choice for multimillion-pound divorce cases.Divorce lawyers confirmed the prevalence of “forum shopping,” choosing the country in which to obtain the most lucrative alimony. They said that pre-nuptial agreements could become enshrined in law because of recent substantial payouts in English courts.
Charman now lives in Bermuda and owns a home in Florida. The couple’s 27-year marriage ended when Charman, a star of the Lloyd’s insurance market, went to Bermuda in November 2003 and told his wife that he would not be returning to the family home in Sevenoaks, Kent.
Sir Mark Potter, the president of the High Court Family Division and one of three appeal judges who heard the case, said that courts should agree to requests by wives to question the trustees of offshore trusts, to achieve a fair settlement.
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Jeremy D. Morley concentrates on International Family Law. The firm works with clients around the world from its New York office, with a global network of local counsel. Mr Morley is the author of "International Family Law Practice", the leading treatise on international family law in the U.S., and "The Hague Abduction Convention", published by the American Bar Association. He is a Fellow of the International Academy of Family Lawyers and a former law professor.
About Me
- Jeremy Morley
- Jeremy D. Morley was admitted to the New York Bar in 1975 and concentrates on international family law. His firm works with clients around the world from New York , with a global network of local counsel. Mr. Morley is the author of "International Family Law Practice," the leading treatise on international family law in the United States. He is also the author of “The Hague Abduction Convention: Practical issues and Procedures for Family Lawyers.” He is the former co-chair of the International Family Law Committee of the International Law Section of the ABA. He is a member of the International Academy of Family Lawyers. He was born in Manchester, England and has taught in law schools in the United States, Canada and England. Mr. Morley frequently lectures on international family law topics to the judiciary, bar associations and others. Mr. Morley is frequently asked to appear as an expert witness on international child abduction prevention and recovery issues. Mr. Morley has been a frequent guest on television and radio shows on the topic of international child abduction and international divorce law and has been featured in the print media on numerous occasions.
Contact Us:
jmorley@international-divorce.com