• HOME
  • ABOUT
  • SERVICES
  • PRODUCTS
  • LATEST NEWS
  • GET IN TOUCH
  • OUR OFFICE
  • HOME
  • ABOUT
  • SERVICES
  • PRODUCTS
  • LATEST NEWS
  • GET IN TOUCH
  • OUR OFFICE
1 MIN READ

Court Ruling Exclude Charity Assets From Divorce Settlement

June 21, 2017
<?php echo pulse_output(); ?>

STEP Journal reported in October 2014 that a wife failed to get tiger charity included in divorce settlement.  The article read “A charitable trust set up by a husband and wife to protect rare Chinese tigers was never intended to provide a future income for the couple and should not be considered in the wife’s financial remedy application, the England and Wales High Court has ruled”.

 

According to the article: “The couple, Stuart Bray and Li Quan, married in 2001. Even before then they had become dedicated to the cause of tiger conservation. They established a UK-based charity called Save China’s Tigers in 2000, and in 2002 set up a Mauritius trust called Chinese Tigers South Africa Trust (CTSAT), largely funded by  Bray. For the next 12 years they spent much of their time working together for the cause, with the support of the Beijing government. Part of the effort was the setting up in South Africa of a breeding environment for Chinese tigers loaned to them by the Beijing government.”  Read the full article here.

 

Since the court ruling, Li Quan appealed.  The Appeal court confirmed that the tiger charity assets are excluded from the Bray divorce settlement.  STEP Journal reported on this on 19 June 2017.  According to Claire Blakemore, a partner at law firm Withers, the decision is a relief to charities and families with trusts.  Blakemore said “Had the court decided the other way, trusts would have become susceptible to attack in unprecedented ways, and families, charities and their advisors would have had to fundamentally rethink their approach”.

 

Read the full article in STEP UK News

 

Sources

  • STEP UK News (30 October 2014): Wife fails to get tiger charity included in divorce settlement
  • STEP UK News (19 June 2017): Appeal court confirms tiger charity assets are excluded from Bray divorce settlement

 

Related News

Other posts that you should not miss.

EU release blacklist of 17 countries that are “tax havens”

December 6, 2017

The Independent has recently published an article about a blacklist of 17 ‘tax haven’ countries that were created by the European Union.   …

Read More →
1 MIN READ

Mauritius: International Financial Centre

March 23, 2017

Mauritius as an International Financial Centre FDI Spotlight recently posted a very interesting article discussing the plans to establish  Mauritius as an …

Read More →
1 MIN READ

Mo Ibrahim Index 2016 – Mauritius first in Africa

October 8, 2016

  The MO Ibrahim Index 2016 – Mauritius first in Africa   The Mo Ibrahim Index of African Governance (IIAG) 2016 entitled: …

Read More →
2 MIN READ
LC Abelheim | Court Ruling Exclude Charity Assets From Divorce Settlement