Sunday, 8th November 2009

 

3 July 2009 - Press Briefing

German heiress wins UK pre-nuptial ruling in landmark case

Katrin Radmacher, one of Germany's wealthiest women, has won a landmark case to protect her estimated £100m (€117m) fortune from her French ex-husband, setting the stage for pre-nuptial contracts widely used in Europe and the US to be enforced in the English courts, according to a report in the Financial Times.

Nullifying last year's High Court award of a £5.6m lump sum to Nicolas Granatino, Radmacher's former husband, the Court of Appeal said Granatino was subject to a pact the couple signed in Germany in 1998 forfeiting their rights to claim against each other's wealth in the event of the break-up of their marriage.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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