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April 24, 2014

A third gen of the Walmart dynasty is facing a difficult divorce from her husband of six years, after filing a civil lawsuit claiming he stole money from her during their marriage.

A third gen of the Walmart dynasty is facing a difficult divorce from her husband of six years, after filing a civil lawsuit claiming he stole money from her during their marriage.

Paige Laurie is divorcing her husband Patrick "Bo" Dubbert citing irreconcilable differences, but also lodged a civil suit on the grounds he siphoned cash from a business they operated together.

Laurie, the granddaughter of Bud Walton, the brother of Walmart founder Sam Walton, and Dubbert owned a shopping centre in Malibu that Dubbert managed.

September 6, 2013

Following in the footsteps of another Australian media mogul, Rupert Murdoch, Consolidated Press Holdings third-gen James Packer has announced his divorce from his wife, Erica Baxter.

Following in the footsteps of another Australian media mogul, Rupert Murdoch, Consolidated Press Holdings third-gen James Packer has announced his divorce from his wife, Erica Baxter.

The couple were married in the French Riviera in 2007, in a ceremony attended by members of the Murdoch family, as well as movie star Tom Cruise, among others.

In a statement released to media on Friday, Packer said the couple remained close friends and that their three children would be their priority moving forward.

June 19, 2013

Lawyers and family business experts suggest a divorce like the one Rupert Murdoch is facing could be a big distraction for a company boss, particularly at a time when the business faces challenges – as the Murdoch empire might following its recent split into two firms.

Lawyers and family business experts suggest a divorce like the one Rupert Murdoch is facing could be a big distraction for a company boss, particularly at a time when the business faces challenges – as the Murdoch empire might following its recent split into two firms.

Senior partner and co-founder of Banyan Family Business Advisors Henry Foley said divorce increases tension within the family business, and multiple divorces compound these impacts. Murdoch, 82, filed for divorce from Wendi Deng last week – he has already been through two other divorces.

May 10, 2012

Divorce can and has ruined family businesses. CampdenFB looks at what family enterprises should know about divorce – and how to ensure they don’t destroy the business.

It’s almost wedding season in North America and Europe, the time of the year when brides and grooms pray for good weather and promise to love each other for the rest of their days. This optimistic bunch obviously aren’t paying attention to the divorce statistics. But people with family businesses should.

June 9, 2010

Fourteen EU countries agreed to a new pact last week that allows spouses of different nationalities to choose the applicable rules to their own divorce, write Mark Green and Stephen McClure.

Fourteen EU countries agreed to a new pact last week that allows spouses of different nationalities to choose the applicable rules to their own divorce, write Mark Green and Stephen McClure. 

This follows recent high-profile cases including the expensive separation settlement of Italy's prime minister Silvio Berlusconi and the daily drama of Frank & Jamie McCourt – owners of Major League Baseball's premiere franchise Los Angeles Dodgers.

August 27, 2009

England has long been out of step with much of the rest of the world when it comes to the enforceability of pre-nuptial agreements.

England has long been out of step with much of the rest of the world when it comes to the enforceability of pre-nuptial agreements. In July, the headlines which greeted the Court of Appeal's landmark judgment in Radmacher v Granatino proclaimed that England was finally in step with the rest of the world: if you have a pre-nup, you can rely on it in the English Courts. The reality is more complicated. The ruling is the clearest indication yet that the English Courts will give significant weight to pre-nups, but wealthy individuals and families must still beware.

February 27, 2009

England’s Privy Council may have missed a trick in failing to rule that pre-nuptial agreements are binding. But for the first time, the courts have recognised that married couples should be entitled to fully regulate their own affairs

One day in early January is always dubbed D-day – the day when feuding couples are most likely to start divorce proceedings. In light of this, the Privy Council of England’s December 2008 ruling that the terms of pre-nuptial agreements are neither binding nor enforceable is not only timely, but could have ramifications for many family offices.

February 26, 2009

In an ideal world, the end of a marriage would lead to a clean financial break between a couple. The reality, however, is often far less straightforward. Despite the publicity divorce cases involving substantial assets receive, clean break cases are very much the exception.

In an ideal world, the end of a marriage would lead to a clean financial break between a couple. The reality, however, is often far less straightforward writes Sandra Davis, head of the Family Department at Mishcon de Reya.

For high net worth individuals, finality can be achieved either by reallocating capital to meet the receiving spouse's need for accommodation and income or, in longer marriages, by dividing the family's wealth to reflect the couple's contributions to the marriage.

October 23, 2008

Court papers have confirmed recent speculation that Sumner Redstone, head of family-owned holding company National Amusements, has filed for divorce from his wife.

Court papers have confirmed recent speculation that Sumner Redstone, head of family-owned holding company National Amusements, has filed for divorce from his wife.
 
The 85-year-old chairman of Viacom and CBS Corp has been married to Paula Fortunato Redstone, 46, for five and a half years. The couple, who have no children, filed for divorce in California last week.
 
Citing “irreconcilable differences,” the couple nevertheless said the marriage had ended “amicably” and they have agreed to settle out of court.
 

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