How London became the divorce capital of the world for the mega-rich | Business Insider

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Here's why British courts are so lucrative for wives of the super-rich looking to divorce.

, the emir of Dubai, to pay a £554 million divorce settlement to his former wife, Princess Haya, it was believed to be the largest ever divorce settlement secured in the UK. It also reaffirmed London's status as the de facto"divorce capital of the world," at least for the rich and famous.

Multiple spouses have secured multi-million pound payouts — sometime amounting to 50% of their husband's assets — by taking advantage of the system which affords judges a huge amount of discretion. This is a result of the a landmark judgment in 2000 where the concept of the"equal sharing" of assets became the norm. The often-cited case —"" — concerns Martin White and Pamela White, farmers from Somerset who filed for divorce in 1994.

 

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