The Supreme Court in the United Kingdom will on 12 June, give its verdict on a high profile divorce case involving a Nigerian-British couple, Michael and Yasmin Prest.
To be decided upon is whether Yasmin is entitled to take over 14 properties owned by Michael Prest’s oil company, Petrodel Resources and two other companies in the UK, as part of the settlement for the 17.5 million pounds settlement awarded Yasmin by a.....
lower family court five years ago.
The Independent newspaper says the case, with potential to resolve some legal problems in UK divorce law has pitched the family and the commercial divisions of the High Court against each other.
“Wednesday’s hotly anticipated Supreme Court judgment is likely to have seismic repercussions, experts warn, with calls for Parliament to change the law,” the paper reported Sunday.
Michael Prest, 51, an oil business tycoon and his ex-wife, Yasmin met 20 years ago in London, and both enjoyed the fruits of the fortune he amassed, sending their son and three daughters to public school, and alternating their time between a multimillion-pound house in London and homes in the Caribbean and Nigeria. Michael was born in Nigeria to an Itsekiri chief before moving to the UK as a child.
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