This week, in a landmark decision by UK’s Supreme Court, the ex-wife of a Nigerian oil tycoon won a potentially game-changing divorce settlement. It was argued that Michael Prest tried to conceal assets from his wife by hiding property in an offshore company.
The decision to uphold an appeal by Prest’s wife was unanimous – with seven justices ruling in favor of Yasmin Prest, who sought a share of seven properties held in trust by Petrodel Resources Ltd., a company under Prest’s control. Read more.
