Friday, 19th March 2010

 

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

Five-star Ferrari road trip

When I was offered the chance to pick up a Ferrari 599 GTB Fiorano from Geneva for a five-day road trip terminating at Ferrari UK headquarters in Slough, the question I asked myself was this: “What would Ferris Bueller do?”

Rich Monitor

RBS to launch new exeecutive bonus plan

The Royal Bank of Scotland will ask shareholders to approve a new long-term incentive plan for executive directors which could see bankers paid four times their salary in shares, after the bank listed its difficulty in attracting and retaining staff as one of the risk factors it faced.

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