Fields v Fields (Rev 1)

Fields v Fields (Rev 1)

The wife is entitled to a lump sum sufficient to purchase a suitable home (£1.2 million), high periodical payments (£320,000 per annum for herself, £25,000 per annum per child), and provision for stockpiling (£100,000 per annum), reflecting her needs, health, lack of earning capacity, and the welfare of the...

Source-derived case information.

Parties
Applicant: Ekaterina Fields; Respondent: Richard Fields
Jurisdiction
England and Wales
Judgment Date
04 June 2015
Procedural Posture
Divorce Financial Remedy / Final Judgment
Outcome
Financial remedy judgment for the applicant
Legal Topics
Financial Remedies, Needs Based Assessment, Child Welfare, Division of Assets, Spousal Maintenance, Periodical Payments, Stockpiling, Asset Valuation
Family Law Financial Remedies Needs Based Assessment Child Welfare Division of Assets Spousal Maintenance Periodical Payments Stockpiling +1 more

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Summary, issues, holding and outcome

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Parties

Ekaterina Fields

Applicant

Richard Fields

Respondent

Procedural Posture

Divorce Financial Remedy / Final Judgment

Legal Issues

  1. 1 Appropriate division of matrimonial assets
  2. 2 Determination of spousal and child maintenance
  3. 3 Assessment of needs and standard of living

Ratio Decidendi

The wife is entitled to a lump sum sufficient to purchase a suitable home (£1.2 million), high periodical payments (£320,000 per annum for herself, £25,000 per annum per child), and provision for stockpiling (£100,000 per annum), reflecting her needs, health, lack of earning capacity, and the welfare of the children. She is not entitled to future performance fees from JAML, but retains entitlement to JCML performance fees and an equal share in any Immunoscience bonanza.

Court Disposition

Financial remedy judgment for the applicant

Orders

  • Husband to pay wife a lump sum of £1,200,000, with credit for any JIL shares transferred
  • Husband to pay joint lives periodical payments to wife of £320,000 per annum