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Myerson

The case of Myerson is a further case clarifying the rules in Barder. The husband and wife had divorced shortly before the financial crisis. At that time, their assets were worth around £25 million, around £15 million of which were made up of shares in the husbands company. The husband had retained these shares as part of a settlement which saw him keep 57% of the couples assets.

In the months following the settlement, the company suffered as a result of the financial crisis and the value of the husbands shareholding fell by around 90%. The husband applied back to the court, arguing that since the shares had fallen so dramatically, it constituted a Barder event and justified the re-opening of proceedings.

The court found against him, holding that the natural fluctuation in prices (even on a scale this dramatic) did not constitute a Barder event.

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The information on this website is intended as a guide and does not constitute legal advice. Vardags do not accept liability for any errors in the information on this website, nor any losses stemming from reliance upon the statements made herein. All articles and pages aim to reflect the legal position at time they were published, and may have been rendered obsolete by subsequent developments in the law. Should you require specialist advice, tailored to your situation, please see how Vardags can help you.

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