Friday, 12th 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

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”.

Rich Monitor

Which finance billionaires made the Forbes list

Forbes’ 2010 list of the world’s billionaires comprises a record 164 "ten-figure titans" and some familiar names from the world of finance. Spare a thought though for the 12% whose fortunes dipped last year.

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