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Banking boss told to pay divorce fees despite 'poverty plea'

Banking boss told to pay divorce fees despite 'poverty plea'

The majority shareholder of a banking business has been told to pay £235,000 in legal costs following a claim he "doesn't have any money".

Yan Assoun, 43, currently lives in a New York apartment on Broadway that cost him $3.3 million (£2 million) and has a controlling stake in a firm that turned over $8 million in 2012 but said he was far too poor to be able to afford his wife's legal fees.

Mr Assoun and his wife Anais met in London and married while they worked for investment banks, but split in 2007 after settling in different areas of the US.

Two years ago, Ms Assoun was given $1.1 million of her ex-husband's assets and the 43-year-old man was told to pay $180,000 annually in maintenance, plus $50,000 per year for his children's education.

As he ordered Mr Assoun to pay his ex-wife's legal costs, Lord Justice Moses, who presided over the case, said: "The judge didn't believe that [you are poor] and thought you were much better off. The Court of Appeal cannot disturb the findings as to who is believed and who is not."

By Francesca Witney