11/06/2014 // West Palm Beach, Florida, US // JusticeNewsFlash // Justice News Flash // (press release)
London – England’s capital city has been dubbed the divorce capital of the world. As reported by AFP, London’s reputation for being the place where many choose to end their marriages has increased as a result of many wives of wealthy entrepreneurs from all over the world, a number of whom own property in Britain or work in London’s financial district, choosing to have their divorce cases heard in an English court.
Sandra Davis, head of the family law department at Mishcon de Reya, is quoted as stating of the phenomenon, “England has become very attractive for wives, in particular because awards here are considerably higher than almost anywhere in the world.”
Davis, who has represented such high profile clients as Diana, the late princess of Wales, and model Jerry Hall, is further quoted as stating, “By the same count, it’s a jurisdiction that the wealth creator generally wants to avoid.”
As noted in the report, since a landmark decision in 2000, English courts begin with the assumption that there should be a 50/50 division of marital assets, which tends to work in favor of the spouse with the least number of assets.
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