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21/09/2009
Banker wins divorce payout case |
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A banker who had been left with only £450,000 of his £3 million fortune in a divorce case has managed to gain a larger share after appealing the original outcome.
William Murphy's ex-wife Helene had picked up £1.9 million originally, a figure that the Appeal Court has now reduced to £1.5 million.
This alteration saw Mr Murphy's share rise to £820,000, as well as providing him with the right to claim back legal costs.
Giving the verdict, head of the three-strong panel of judges Mr Justice Thorpe said one of the reasons for the original settlement - that Mr Murphy had wasted £2 million of the couple's money after they separated - was "unfair to the husband".
Those wishing to contest their settlement may wish to speak to a divorce solicitor.
Last week legal expert and peer Lady Deech argued that women are getting too much in divorce settlements, based on outdated notions of husbands as breadwinners.
Debating this with her on the Radio 4 Today programme, divorce lawyer Vanessa Lloyd Platt argued that many women lose income by giving up work to start a family after getting married.
Written by Anthony Dyson
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