Divorce & Division of Assets CB v KB [2019] EWFC 78 (Mr Justice Mostyn)

Aggiornamento: 21 feb 2020

We take a look at the recent case of CB v KB [2019] EWF 78 concerning division of assets. KB ('the wife') and CB ('the husband') began a relationship in 1998. They married in 2003 and separated in 2017. The sharing principle was applied.

The pot of assets was worth around £10million. The sharing principle gave the wife £5,110,079. The husband was ordered to pay her a lump sum of £2,355,728 in three instalments over three years. Pending payment of the first instalment, the interim maintenance regime would continue. Pending payment of the second and third instalments, the husband was ordered to make periodical payments to his wife at a rate of £42,786 a year, reducing rateably on payment of the second instalment.

There would be a clean break on payment in full of all instalments. The husband was also ordered to pay child support at the rate of £12,600 a year in respect of the four youngest children living with W until each child completed tertiary education. He was also ordered to pay the children's school fees.

You can find a link to the full judgement here:https://www.bailii.org/ew/cases/EWFC/HCJ/2019/78.html

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