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Family Law Week: AG v VD 04.02.21 anonymised to publish


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 offspring from previous marriages, the youngest being W s daughter, 17 years old). H was 56 and W was 51 at the time of the judgment. W sought to make a sharing claim, seeking a transfer of the matrimonial home and a lump sum of £3.8m (para 126). H argued that the court in Russia, where the parties divorced and where financial proceedings first took place, made a fair and reasonab ....

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How to advise HNW clients with UK investor visas


There are ‘a host of additional risks’ for int’l advisers dealing with applicants
After the slowdown of high net worth (HNW) migration into the UK as a result of covid-19, pent up demand saw a spike in the number of UK Tier 1 (Investor) visas issued this quarter, writes Farzin Yazdi, head of investor visa at Shard Capital.
Investor visas, of course, are a visa category where one invests a minimum of £2m ($2.68m, €2.2m) for at least five years in qualifying assets and meets a host of other stringent criteria.
In the most recent figures, nearly 45% of UK Investor Visa applicants originated from mainland China and Hong Kong with applicants from the United States & Russia behind with around 10% of the total each. ....

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