ARTICLE
13 April 2017

Laura Ashley Boss To Pay £64m In Divorce Settlement

BM
Blaser Mills

Contributor

Blaser Mills  logo
We are a full-service firm, offering a comprehensive range of legal services to businesses and private individuals. We act for blue-chip companies that are household names as well as SMEs, entrepreneurs and not-for-profit organisations. The team at Blaser Mills Law is recognised nationally and internationally for its commercial expertise in dealing with debt recovery and the litigation arising from the commencement of legal proceedings. In addition, the team have an excellent reputation for dealing with insolvency matters. We have experience with cross-border matters and after analysis of the contractual terms will provide advice as to the best forum for a cross-border claim.
After a long-running divorce row, the boss of Laura Ashley has been ordered to pay his ex-wife £64m.
UK Family and Matrimonial
To print this article, all you need is to be registered or login on Mondaq.com.

After a long-running divorce row, the boss of Laura Ashley has been ordered to pay his ex-wife £64m.

Pauline Chai claims she had contributed to her husband's success by being a "traditional wife", and that she and Khoo Kay Peng had made a sharing agreement entitling her to half of the family wealth.

This case further re-emphasises that there should be no discrimination between the home maker and the breadwinner, which was a principle first espoused in the case of White and White, 17 years ago.

Pauline Chai would certainly not have received such a generous award if her husband had been successful in his attempts to have the matter dealt with in Malaysia. The case further highlights the importance of choosing the right jurisdiction in which to commence proceedings, and to do so quickly in what is now commonly known as a jurisdiction race. The importance of sound legal advice as soon as divorce becomes a possibility cannot be over estimated.

"He said Chai wanted the hearing to be held in England because an English judge would give her a more generous award."

https://www.theguardian.com/business/2017/apr/06/laura-ashley-boss-to-pay-ex-wife-divorce-settlement-of-64m

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

ARTICLE
13 April 2017

Laura Ashley Boss To Pay £64m In Divorce Settlement

UK Family and Matrimonial

Contributor

Blaser Mills  logo
We are a full-service firm, offering a comprehensive range of legal services to businesses and private individuals. We act for blue-chip companies that are household names as well as SMEs, entrepreneurs and not-for-profit organisations. The team at Blaser Mills Law is recognised nationally and internationally for its commercial expertise in dealing with debt recovery and the litigation arising from the commencement of legal proceedings. In addition, the team have an excellent reputation for dealing with insolvency matters. We have experience with cross-border matters and after analysis of the contractual terms will provide advice as to the best forum for a cross-border claim.
See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More