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The Financial Services Compensation Scheme (FSCS) has declared two financial advice firms in default, one of which advised on British Steel transfers.
AG v VD[ 2021] EWFC 9 Matrimonial finance proceedings with a jurisdictional issue resolved in favour of the English court despite previous financial proceedings in Russia. H lost on his assertion that he had transferred most of his wealth to his son from a previous marriage. But H’s substantial assets from property development businesses were determined to be pre-marital. The matter therefore concluded with an award based on need, not on sharing as sought by W. ____ Background The relationship was one of only 8 years and the parties had no children from their union (although each had offsp...