Showing posts with label Tycoon. Show all posts
Showing posts with label Tycoon. Show all posts

Thursday, June 13, 2013

Nigerian Oil Tycoon ordered to pay British ex-wife,£17.5M in divorce settlement



Nigerian Michael Prest has lost a legal battle with his estranged English wife Yasmin over a £17.5m divorce settlement.
The Supreme Court judgement marks the latest round of a lengthy legal cash dispute between the couple over the oil tycoon's fortune.

In October, the Court of Appeal ruled that a High Court judge had earlier wrongly ordered Mr Prest to transfer properties, worth millions of pounds and held in the names of companies he controlled, to Mrs Prest.  She then asked the Supreme Court - the highest court in the UK - to assess the case, where seven judges on Wednesday unanimously allowed Mrs Prest's appeal.

ST

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