Aristocrat reaches divorce settlement on the eve of court battle
One of Britain’s wealthiest aristocrats has reached a divorce settlement with his fifth wife shortly before a court hearing was due to begin.
Spencer ‘Spenny’ Compton, the 7th Marquess of Northampton, and Pamela Haworth married in 1990 but the marriage ended two decades later when the aristocrat reportedly discovered that his wife had become involved with a Romanian pharmaceutical tycoon.
According to a report in the Telegraph, Lady Northampton’s stepmother recorded her discussing the relationship with her father and passed the recordings to Lord Northampton. He asked her to leave their country home, Compton Wynyates in Warwickshire, sparking the beginning of “acrimonious” two year divorce proceedings.
Lord Northamption originally met Dr Dan Stoicescu at a freemasonry meeting in 2006. An unnamed source told the Telegraph: “Spenny feels betrayed by Dan Stoicescu, whom he once regarded as one of his closest friends.”
Dr Stoicescu at one point paid for Lord and Lady Northampton to have their genomes mapped.
The couple have now reached a financial settlement which will reportedly see Lady Northampton receiving ownership of a flat in Pimlico worth £4 million as well as additional assets totalling £13 million.
However, the agreement will, according to the Telegraph, leave 66 year-old Lord Northampton’s substantial fortune – estimated at least £120 million – largely unaffected. The fortune includes two stately homes.
The agreement includes clauses that prevent either party from discussing details of the divorce.
The agreement means that a two-week financial settlement hearing which had been due to begin in the High Court today (January 21) will no longer go ahead, sparing the former couple around £2 million in legal costs.
Photo of Compton Wynyates by Rupert Parsons via Flickr under a Creative Commons licence
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Marilyn Stowe is the senior partner in Stowe Family Law, which has offices in Yorkshire, Cheshire and London. With more than 30 years’ experience handling divorce cases and family law proceedings she is regarded as one of the most formidable and sought after divorce lawyers in the UK. In 2012, Marilyn became one of the first solicitors to qualify as a family law arbitrator.
All persons mentioned in the scenarios are fictitious: details have been deliberately changed in order to protect identities and other confidential circumstances of my clients. All advice and information on this blog including posts written by guest authors, is given only as a general guide to the operation of the law on the date of publication. Readers must place no reliance whatsoever on the content of this blog and must always obtain their own legal advice. Marilyn Stowe, Stowe Family Law LLP and guest authors accept no liability whatsoever arising as a result of reliance upon its content.
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