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Our blog provides illustrated practical guides for those going through the divorce process, plus news on divorce, money and family breakdown.

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4 November 2013

Businessman's estranged wife will 'settle for £300m' in epic divorce battle

Michelle Young, the estranged wife of recently jailed businessman Scot Young, has told the high court in London she would settle for £300m plus legal expenses from her husband, reports The Guardian.

In the latest round of the epic divorce battle between Michelle and Scot Young, the judge, Mr Justice Moor, is making a fresh attempt to discover how much the property dealer is worth.

Michelle Young, 49, claims her former partner owns assets worth 'a few billion at least'. Scot Young, 51, has told judges he is penniless and bankrupt, a victim of financial meltdown and hopelessly insolvent.

In January, Moor imposed a six-month prison term on Scot Young after concluding that he had failed to provide financial information to his wife and was in contempt of court.

The couple, who live in London and have two daughters, separated in 2006 after starting a relationship in 1989. They have been feuding over money for several years.

The trial is taking place in the family division of the high court, where Moor has given permission for it to be reported.

Read more on this story here.