Holly acted for a Husband in financial proceedings involving significant capital assets including property and chattels, and where the Husband was a high earner. The Wife was a beneficiary under a number of discretionary trusts based abroad, and the value of those trusts was also in dispute.
Holly was involved from before the FDR hearing and was instructed to assist in drafting questionnaires for the Wife to answer, as well as other court documents. This included detailed consideration of the best way to obtain information from the trustees and analysing the trust accounts and documents. There were also issues of valuation of particular property and a limited company.
Holly represented the Husband at both FDR and final hearings. The Wife was seeking more than 50% of the assets, equalisation of pensions as well as 5 years of spousal maintenance from the Husband. The Husband agreed to her receiving more than 50% of the assets but sought a clean break as soon as possible.
Holly conducted detailed negotiations on the first day of the final hearing, and was successful in reaching a settlement in which her client gave the Wife more than 50% of the capital assets but on the basis of him paying no spousal maintenance and retaining his pension in full.