Pic shows: Yasmin Prest - ex wife of Nigerian Oil Executive, Michael Prest - leaving the Supreme Court in London
An oil trader's ex-wife has the right to access properties held by offshore companies controlled by him as part of a 17.5 million-pound ($20.6 million) divorce settlement, the U.K. Supreme Court ruled.
Petrodel Resources Ltd. held assets in trust for Michael Prest and his wife, Yasmin Prest, can access them to satisfy the award in the divorce case, the U.K. Supreme Court said in a ruling today.
A surge in ?privatised? divorce settlements has been predicted after a landmark case being heard in the country's highest court today threatened to force husbands to disclose details of their assets.
Yasmin Prest, 49, the ex-wife of a wealthy oil executive, is challenging a decision that has been condemned as a ?cheat's charter? in the Supreme Court. The case, between Yasmin and her former husband, Michael Prest, rests on whether three companies own
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