For richer, for poorer
This case illustrates exactly the type of claim in which third party funding may be the only means by which a divorcee may have any prospect of obtaining access to justice; particularly in circumstances where a former husband (or wife) adopts a course of conduct designed to ‘starve’ the other of funds and frustrate equitable division of the matrimonial assets.
Mr and Mrs A married in the ‘90s. While Mrs A ran the home and cared for four children, two of whom were her husband’s from a former marriage and one of whom had learning difficulties, Mr A concentrated on growing his nascent business ventures.
Over the course of the fourteen-year marriage, Mr A’s business empire grew, comprising substantial shareholdings in property companies and real estate.
The marriage broke down and in 2012, Mrs A was forced to leave the family home.
Unbeknownst to her, in the run-up to the breakdown, her husband had been shifting his assets into the names of his (now) grown-up children and their companies.
Mrs A, with no income of her own and having been purposefully deprived of funds by her husband, instructed High-Street solicitors and commenced financial relief proceedings.
‘This is a truly life changing result…and down to Woodsford’s willingness and endeavour in putting together a funding package which made this possible. I have seldom ever come across a more grateful or deserving client.’ Riverview Law
Early on in those proceedings, Mr A offered her £400,000 to ‘go away’.
Fast forward a little under two years and, having secured litigation funding from Woodsford and instructed a City law firm and Leading Counsel to represent her, Mr A finally settled the proceedings by agreeing to pay Mrs A c. £4.5m.
- Complex nature of matrimonial assets, including numerous offshore transactions to unravel
- Husband purposefully starves wife of funds
- Funding proves a game-changer
Our team offers a unique blend of legal and financial expertise. We can call upon direct and widespread experience across a range of legal areas. We speed up the funding process by deploying our own funds and not relying on outside advice.
Working with you.
Woodsford works closely with a number of stakeholders in litigation. Find out more about how we partner with solicitors, barristers, claimants, in-house counsel and insolvency practitioners.
Get in touch
Our team looks forward to hearing from you. To give us a call, arrange a meeting or send us a case to review, please click on the button below.
Understand the language of Litigation Funding by using our free Glossary.