£337m payout to financier’s ex-wife

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Published: Thursday 27th November 2014 by The News Editor

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A High Court judge has awarded a financier’s wife more £337 million after ruling on one of the biggest divorce cash fights seen in an English court.

Sir Chris Hohn and his estranged American wife, Jamie Cooper-Hohn, had fought over who should get what share of a fortune said to run into hundreds of millions of pounds at a trial in the Family Division of the High Court in London this summer.

Detail of the figure awarded to Mrs Cooper-Hohn emerged at a private hearing in London today.

Sir Chris and Mrs Cooper-Hohn had fought over assets totalling more than £700 million.

He said she should get a quarter of their fortune but she claimed she should get half because the wealth was created as a result of their ”partnership”.

The couple separated after being married for more than 15 years.

Mrs Justice Roberts has yet to deliver a detailed ruling on the dispute, b ut a draft version has been given to Sir Chris and Mrs Cooper-Hohn and their legal teams.

The £337 million award is thought to be the biggest of its kind made by a judge in England.

The late Russian oligarch, Boris Berezovsky, featured in a multi-million pound case three years ago – when it was reported that his former wife Galina Besharova had agreed to accept between £165 million and £220 million as part of a settlement.

Both Sir Chris and Mrs Cooper-Hohn – who are both thought to be in their late 40s – were at today’s hearing.

Neither commented as they left court.

Lawyers had gathered to discuss a number of legal issues with Mrs Justice Roberts – including when her judgment on the case would be made public.

The award figure emerged during those discussions.

Mrs Justice Roberts said although today’s hearing had been in private, what had been said could be reported.

Mrs Justice Roberts finished hearing evidence at a private trial in the Family Division of the High Court in London in July.

Both Sir Chris and Mrs Cooper-Hohn gave evidence at the hearing, which lasted for around two weeks.

Mrs Justice Roberts allowed journalists to attend the trial but placed limits on what could be reported.

The amount of money spent on litigation is thought to run into millions of pounds.

Another judge who analysed a legal issue at an earlier hearing had wondered out loud about the size of the legal bills.

”God knows the cost of being here,” said Mr Justice Holman.

”I know these people are immensely wealthy.”

He added: ”The costs just roll off the back of the duck like a drop.”

Published: Thursday 27th November 2014 by The News Editor

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