Oil tycoon Michael Prest’s wife wins court divorce ruling

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The Supreme Court has ruled in favour of the English estranged wife of a Nigerian oil tycoon in a case lawyers say could have implications for some wealthy divorcing couples.

Michael Prest lost the latest round of a legal fight, which means his wife can now appeal against an earlier ruling.

Judges ruled seven properties at the centre of the dispute could effectively be counted as assets of Mr Prest.

Yasmin Prest said she was “delighted and relieved” by the judgement.

Mr Prest has argued his properties, worth millions of pounds, are not personally owned by him but by off-shore companies.

The High Court had ordered Mr Prest to transfer the properties to his wife, but the Court of Appeal then decided in October that this ruling was wrong.

Mrs Prest then asked the Supreme Court – the highest court in the UK for civil cases – to review the Court of Appeal’s decision.

Read more at BBC

Yasmin- Ex Wife of Nigerian oil tycoon. Courtesy of BBC
Yasmin- Ex Wife of Nigerian oil tycoon. Courtesy of BBC

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