01483 826 470

 

Blog

1 minute reading time (253 words)

Judge Gives Ruling on Millionaire Couple's Divorce Settlement

A high court judge in London has recently given his decision in the long-running divorce dispute between millionaire couple Khoo Kay Peng and Pauline Chai, reports the Guardian.

The couple had been married for 42 years, but their relationship eventually came to an end in 2012. Khoo is the non-executive chair of Laura Ashley, and the couple are thought to have joint assets worth around £205 million.

Chai had sought a divorce settlement of £100 million, saying that by taking on the role of a ‘traditional’ wife and looking after the couple’s five children, she had contributed to her husband’s success and was therefore entitled to half their wealth. She also claimed that the couple had a sharing agreement with regards to their assets. Khoo however had only been prepared to offer his ex-wife £9 million.

Khoo had tried to have the divorce heard in Malaysia, where the family home was. However, Chai successfully argued that the case should be heard in London on the grounds that the couple had lived in Hertfordshire before they separated.

The judge in the family division of the High Court has now ruled that Chai should receive a settlement of £64 million – less than she originally sought but substantially more than was offered by her ex-husband. According to the Guardian, the bitter dispute has cost the couple over £6 million in legal fees.

Contact Us

For expert legal advice on divorce and separation, or other areas of family law, then contact our specialist family lawyers today.

Poor Communication can be Detrimental to Relations...
Marriage Trends in the UK

Contact us


Please let us know your name.

Please let us know your email address.

Please enter a valid telephone number

Please select one option.

Please select one option.

Please let us know your occupation.

Please let us know your selection.

Please let us know your message.
Please tick the box below.

Call now to arrange a consultation01483 826 470