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New twist in long-running divorce battle
A businessman has been warned he will go to prison unless he complies with the terms of an order, which requires him to pay his ex-wife hundreds of thousands of pounds. The Court of Appeal ruling is the latest stage …
A businessman has been warned he will go to prison unless he complies with the terms of an order, which requires him to pay his ex-wife hundreds of thousands of pounds.
The Court of Appeal ruling is the latest stage in the long-running divorce dispute between the oil tycoon Michael Prest and his former partner Yasmin.
The pair, who were married for 18 years and have four children, had separated in 2008.
Mrs Prest had successfully taken the case to the High Court last summer, complaining that her ex-husband had failed to pay £360,000 in maintenance.
Her arguments were accepted by the court, with the Judge, Mr Justice Moylan, ruling that Mr Prest had the means to pay but had refused to do so. As a result, the businessman was handed a four week suspended jail sentence for Contempt of Court.
He had lodged an appeal against the sentence, arguing that the ruling had been based on inadmissible material. His legal team had also made the case that a four week term was excessive in the circumstances.
Despite this, the Court of Appeal upheld the order – made in July last year. Lord Justice McFarlane concluded that the evidence which had formed the basis of the original ruling had been properly analysed and that in fact the punishment was “unremarkable” given the sums of money involved.
Mr Prest, a Nigerian national, now has until September 28th to pay his ex-wife the disputed sum or a warrant will be issued for his arrest.
Separation can be incredibly stressful for all concerned. With this in mind, the lawyers in our family department work together as a team to strive to achieve the best possible outcome for our clients. We can also offer guidance on the laws relating to financial settlements and disclosure. For more information, please visit or contact Patrick Hart or Vandana Chitroda.
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