The Supreme Court has refused permission to appeal the ground-breaking divorce case of Prest v Prest [2015] EWCA Civ 714.
The couple separated after many years of marriage, and endured lengthy divorce proceedings, which questioned whether the courts could “pierce the corporate veil” of the husband’s offshore companies which owned expensive properties in London. The husband, a wealthy oil trader, was ordered to pay £17.5m ancillary relief to the wife but failed to comply. The wife applied for a judgment summons under s 5 of the Debtors Act 1869, and the husband was sentenced to four weeks in prison with a three-month suspension for him to pay the debt. The husband appealed.
However, the Supreme Court refused the appeal this week “because the application does not raise an arguable point of law”.
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