A v A
The trusts are not shams as the current trustees acted independently and in good faith; assets held by trusts are not available to the husband beyond his minority shareholding; allegations of cash skimming and business diversion were not proven; HDC shares and other matrimonial assets are to be divided equally between husband and wife.
- Parties
- Petitioner: A; Respondent: A; Interveners: St George Trustees Limited and others
- Jurisdiction
- England and Wales
- Judgment Date
- 29 January 2007
- Procedural Posture
- Ancillary Relief / Final Judgment
- Outcome
- Ancillary relief granted; assets divided equally.
- Legal Topics
- Divorce, Ancillary Relief, Trusts, Sham Trusts, Division of Matrimonial Assets
Case Brief
Summary, issues, holding and outcome
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Parties
A
Petitioner
A
Respondent
St George Trustees Limited and others
Interveners
Procedural Posture
Ancillary Relief / Final Judgment
Legal Issues
- 1 Whether the trusts are shams and assets held therein should be treated as belonging to the husband
- 2 Whether assets held by trusts are available to the husband under Thomas v Thomas principle
- 3 Whether the husband skimmed cash from HDC
Ratio Decidendi
The trusts are not shams as the current trustees acted independently and in good faith; assets held by trusts are not available to the husband beyond his minority shareholding; allegations of cash skimming and business diversion were not proven; HDC shares and other matrimonial assets are to be divided equally between husband and wife.
Court Disposition
Ancillary relief granted; assets divided equally.
Orders
- HDC to acquire wife's shares at market value (£689,400)
- Wife to receive contents of Drum Grange, jewellery, car, and her share of proceeds of Drum Grange
Full Case Text
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