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MATRIMONIAL: Julie Sharp judgment dilutes equal sharing principle

A wealthy securities trader has defeated her ex-husband's claim to half of her assets because their marriage was relatively short and childless.

Julie Sharp's ex-husband was originally awarded GBP2.725 million, half of the total matrimonial assets, on the equal sharing principle, but the England and Wales Court of Appeal reduced it to GBP2 million (Sharp v Sharp, 2017 EWCA Civ 408).

The judgment undermines the judicially established principle that capital built up during the course of a marriage should be shared equally, regardless of the marriage's duration.

Sources: Family Law Week, BAILII, Boodle Hatfield, Stowe Family Law, Law Gazette, Solicitors Journal, Daily Telegraph

This article incorporates material originally published by STEP and is reproduced with their permission. Click here to view STEP news items

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