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
Share this post
Get free family law updates
Marilyn Stowe’s new book: expert advice on all aspects of divorce, for just 99p!
Divorce & Splitting Up by Marilyn Stowe is the essential how-to book for anyone who is getting divorced or splitting up from a partner. Read more >>
"A must buy that really opens your eyes to what is involved if you are considering or going through a divorce." - Amanda Brown
"This will answer your questions in a way that non-lawyers can understand." - Miss P.
"This really has helped me to see that there is light at the end of the tunnel and I will come out of it a stronger person." - J
Marilyn Stowe on ITV Daybreak & ITV This Morning
Marilyn’s Thought For The Day
Wisdom is found only in truth.
- Nigel on Scientologist granted permission to appeal to the Supreme Court in wedding venue clash
- Karen Bredwood on Department for Work and Pensions ‘misleading’ on child support
- statekidnap on UKIP adoption row: council apologises for handling of case
- VP on Child Support Agency routinely breaching the human rights of fathers
- single mum of one on Child Support Agency routinely breaching the human rights of fathers
Subscribe & Follow
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.
Contact Stowe Family Law
These downloads accompany Marilyn Stowe's latest book: Divorce & Splitting Up: Advice From a Top Divorce Lawyer. After opening, right click to save to your computer.
For more free downloads, visit the Downloads section.