Posted by Simon Bassett, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
Decree Nisi granted in high-profile divorce case
The long-standing marriage of a major retail boss came to an end last month.
Laura Ashley boss Khoo Kay Peng and his estranged wife Pauline Chai were granted a Decree Nisi by London’s Central Family Court.
The couple have been embroiled in a £440million divorce battle for more than two years following the breakdown of their relationship.
Dr Khoo had last month failed in an attempt to halt legal proceedings in England, arguing that the divorce hearing should be held in his native Malaysia. It is understood he was concerned that the UK courts were likely to hand Ms Chai a more generous settlement.
Miss Chai had successfully made the case that the couple previously lived in Hertfordshire before parting company and there was a legitimate reason for the UK’s courts to adjudicate.
Dr Khoo bought a majority stake in Laura Ashley, the well-known fashion and furnishing retailer, in the late 1990s and the chain generates sales of more than £280million a year.
Attention will now turn to how his estate is divided.
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