header-logo header-logo

A licence to spend?

26 June 2015 / Edward Heaton
Issue: 7658 / Categories: Features , Family
printer mail-detail

Edward Heaton considers a surprising case that illustrates how difficult it is to run a successful add-back argument

This article considers the recent High Court decision in the case of MAP v MFP [2015] EWHC 627 (Fam), [2015] All ER (D) 251 (Mar), in which Mr Justice Moor considered, among other things, the extent to which heavy expenditure by the husband, post separation, should be taken into account in the distribution of assets on divorce.

The case highlights the difficulties involved in running a successful “add-back” argument and may come as a surprise to the casual observer.

Background

The husband was 62 and was the managing director of a property maintenance company in which he had a 95% shareholding. The wife was soon to be 61 and was both the company secretary and the financial control manager of the company. She owned the remaining 5% of the shares.

The parties were married in 1972 and had separated some 40 years later in 2012.

The entirety of the financial resources available to the parties had been generated during the course of the marriage. Moor J

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn

Partner appointment in firm’s equity capital markets team

NEWS

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

Law school partners with charity to give free assistance to litigants in need

Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ

An extra bit is being added to case citations to show the pecking order of the judges concerned. Former district judge Stephen Gold has the details, in his ‘Civil way’ column in this week’s NLJ

The Labour government’s position on alternative dispute resolution (ADR) is not yet clear

back-to-top-scroll