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3 March 2014

Judge overrides pre-nup as Bob the Builder tycoon's daughter divorces

One of Britain's wealthiest men has reacted angrily to a high court award of £1.2m that was made to his son-in-law despite prenuptial agreements, reports The Guardian.

In a bitter divorce battle, a judge ordered that estranged husband Frankie Limata was entitled to about £1.2m from his wife Victoria Luckwell to give him a home and pay off his debts following their split. The judge warned his decision could mean Luckwell having to sell her home in Connaught Square, London, also the home of Tony Blair.

Victoria's father is Mike Luckwell, 71, who was the director of the media company that created children's programme Bob The Builder and is estimated to have a £135m fortune.

He made a gift of the Connaught Square property to his daughter and said he was disgusted that Limata, 45, had gone back on three pre-marital agreements that he would not make claims against family assets. But high court family division judge Mr Justice Holman ruled proper provision must be made for Limata – despite the agreements – particularly to avoid the divorce having a damaging impact on the couple's three children.

He said the children could find themselves living with their 37-year-old mother "in relative luxury" and then staying with their father, who was in debt and lacked assets, "in relative penury".

The judge said: "If all the facts were the same but the genders reversed, it is inconceivable that the agreements would outweigh making a substantial award to the wife, even if the children were primarily living with the husband and only intermittently staying with her."

Read the rest of this story here.