An ex-banker who gave his wife £78m will not have to split it equally with her after their divorce, according to a supreme court ruling that experts say sets a precedent for dividing up assets after a marriage ends.
In 2017, before their divorce, Clive Standish, 72, transferred investments worth £77.8m to his wife, Anna, as part of a tax planning scheme. These assets had originally been Clive’s non-matrimonial property, the court was told.