D v D [2010] EWHC 138 (Fam) (11 March 2010)

Ancillary relief application involving a company effectively owned by the husband, and valued at between £6.5m and £8.4m. In a long judgment Mr Justice Charles considered the difficulties associated with such an asset. He held that the underlying premise of the award should be that the company is to continue to trade and be managed by the husband. He further held that the company could not fund an immediate clean break. The husband could raise a lump sum of £1.5m. Accordingly, an award was made comprising a transfer of the matrimonial home (worth £945,000) to the wife, the payment of a lump sum of £1.5m to the wife, and the payment of periodical payments at the rate of £44,000 per annum to the wife.

Full report: Bailii