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Family Law

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20 DEC 2012

FINANCIAL REMEDIES: Davies v Davies [2012] EWCA Civ 1641

(Court of Appeal, Thorpe, Elias, Rimer LJJ, 11 December 2012)

The husband sought to appeal the order granting the wife a lump sum of £2.2m in addition to the final matrimonial home. The husband proposed she should be entitled to a lump sum of £1.5m.

During proceedings the husband, who owned a hotel business, claimed that the wife had worked as no more than a receptionist intermittently throughout the marriage. The wife however, contended that the status of the business had risen dramatically due to her input.

The judge preferred the evidence of the wife and held that her contribution to the increase in the family's net worth was exceptional. However, the valuations provided on behalf of both the husband and wife were not in agreement.

The judge had fallen into error in effectively finding the business was of no value at the date of his acquisition however the ultimate result was not infected by that error.

Permission to appeal granted; appeal dismissed.

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