The Law Society Gazette reported on Vardags’ partnership with Dubai-based lawyers Trench & Associates. The partnership sees Vardags expand into the Middle East and heralds a ne era of expansion.
Discussing the move, Ayesha Vardag commented “The English equal sharing rule and generosity to claimant spouses means the English courts remain magnetic for the financially weaker spouse. But England is the divorce capital of the world because it’s the socio-economic capital of the world, and that could change in a heartbeat. If England drives out its monied residents and Dubai keeps on attracting the world’s super-rich with its state-of-the-art fiscal system, safe streets and superlative quality of life, it’s only a matter of time.’
She wend on to explain the differences between English and Emirati law, saying: ‘In general terms, it’s well-known that in Dubai divorcing husbands and wives keep what is theirs, with maybe a short period of financial support for wives, whereas the English courts are famous for carving up the marital pot on a 50-50 basis and making huge “needs”-based payouts even after a short marriage. Also, the Dubai divorce courts don’t deal with foreign property so if there’s something significant like a home or company abroad, say in England, that’s going to be an issue.’
Vardags Limited is a limited company trading as Vardags, Company No 7199468, registered in England and Wales, having its registered office at 10 Old Bailey, London EC4M 7NG. Vardags is authorised and regulated by the Solicitors Regulation Authority (SRA Number 535955). The term “Director” is used to refer to a director of Vardags Limited or to a non-legally qualified employee or consultant of Vardags Limited with equivalent standing; the term “Director” does not necessarily imply that the relevant individual is a director of Vardags Limited. The term “Partner” is used to refer to a legally qualified director of Vardags Limited or a legally qualified employee or consultant of Vardags Limited with equivalent standing; the title “Partner” does not necessarily imply that the relevant individual is a director of Vardags Limited and does not imply that they are a partner in the legalsense. Our Partners are not liable for the debts, liabilities or obligations of Vardags Limited. A list of the directors of Vardags Limited and a list of the names of those using the title of “Director” or “Partner” together with their official status available for inspection at Vardags’ registered office. VAT number: 99 001 7230.