A divorcing couple have been strongly urged by a High Court Judge to end their legal dispute before their legal fees reach an even more eye watering level explains Family Law Solicitor Amy Chesterfield.
The couple have already spent £1 million in legal fees despite the court proceedings having only just commenced.
Nicholas Francis QC, who was hearing the matter, had dealt with a preliminary issue to determine whether the parties’ shares in the family business were held on trust for their son, and his advice to the parties followed his judgment. He had determined that despite the parties’ son having worked extremely hard to make the family business successful, the shares were not held on trust for him and instead the value belonged to the respective parties.
The Judge commented that:
"I know that this is of course not the end of the matter, it is simply the end of the preliminary issue. I observe that, especially within the context of a family squabble, it is a matter of deep regret that a scheme could not have been agreed whereby Christopher would be rewarded in due course with the shares that he expected to receive, whilst providing his parents with resources during their lifetime ... Had Christopher failed to save and re-build [the company], then this phase of this bitter litigation would not of course have occurred, for there would have been no shares to argue over in the divorce between the Husband and the Wife."
Slater and Gordon Lawyers offer realistic and pragmatic advice so that parties can deal with their marriage breakdown without having to bear the burden of disproportionate legal fees. Fixed fee divorce is available so that the costs of litigation can be managed as effectively as possible.
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