Successful city trader seeks to cut husband’s payout
February 28, 2017 4 comments
A successful city trader has appealed after a family court awarded her ex-husband £2.7 million.
Maths graduate Julie Sharp, 44, made an estimated £6.9 million after a career successfully trading in the energy market, The Evening Standard reports. Specialising in coal trading, she and her IT consultant husband Robin lived a luxurious lifestyle with two expensive homes in Gloucestershire and an Aston Martin, but their relationship broke down after just four years, in September 2013. They never began a family.
She claims the award granted by the High Court is excessive and wants it reduced to under £1.2 million.
Their divorce came before High Court Judge Sir Peter Singer in November 2015. He ordered a clean break settlement for Mr Sharp of £2,737,000.
Mrs Sharp claims that this award was “intrinsically unfair”. Her barrister told the Court of Appeal in London:
“The notion that equal sharing applied in this case made for an unprincipled decision.”
He claimed that the couple had never mingled their finances and that Mr Sharp had repeatedly stressed during the marriage that “he did not see her as a sort of cash machine on whose financial resources he would have a call”.
Robin Sharp, meanwhile, says he contributed to the marriage by managing the couple’s two homes, the paper reports, even taking redundancy from his then job to devote himself to supervising the renovations on one property. This was agreed by Mrs Sharp he said.
His barrister declared that the settlement had been made in keeping with “the usual sharing approach to divorce”.
Court of Appeal judges reserved (postponed) their decision.
Image by GotCredit via Flickr under a Creative Commons licence
February 28, 2017
Categories: Finances and Divorce