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Pre-nuptial victory for heiress Pre-nuptial victory for heiress
(10 minutes later)
An Appeal Court ruling over a divorced couple's pre-nuptial agreement could pave the way for them to become legally binding in the UK.An Appeal Court ruling over a divorced couple's pre-nuptial agreement could pave the way for them to become legally binding in the UK.
Katrin Radmacher, a German heiress, has overturned an earlier decision which awarded her ex-husband £5.6m of her £100m fortune despite their agreement. Katrin Radmacher, a German heiress, has overturned an earlier decision which awarded her ex-husband £5.8m of her £100m fortune despite their agreement.
Under their pre-nuptial agreement, Frenchman Nicolas Granatino said he would not claim a share if they split. Frenchman Nicolas Granatino had agreed not to make a claim if they divorced.
Such contracts are enforceable in France and Germany, but not in the UK. Such contracts are enforceable in France and Germany, but not in the UK where the couple married in 1998.
Miss Radmacher, 39, is one of Germany's richest women and Mr Granatino is a former investment banker.Miss Radmacher, 39, is one of Germany's richest women and Mr Granatino is a former investment banker.
Their pre-nuptial was signed in Germany before the couple married in London in 1998. Their pre-nuptial was signed in Germany before the couple married.
The pair's marriage was said to have broken down after Mr Granatino, 37, gave up a lucrative job in the emerging markets sector in 2003 to become a £30,000-a-year biotechnology researcher at Oxford University.The pair's marriage was said to have broken down after Mr Granatino, 37, gave up a lucrative job in the emerging markets sector in 2003 to become a £30,000-a-year biotechnology researcher at Oxford University.
They divorced in 2006 and a High Court ruling last year awarded her ex-husband £5.6m. They divorced in 2006 and a High Court ruling last year awarded her ex-husband £5.8m.
Miss Radmacher appealed against that decision and her lawyer, Richard Todd QC, told a panel of three Court of Appeal judges the freedom to agree a contract was "at the heart of all modern commercial and legal systems".Miss Radmacher appealed against that decision and her lawyer, Richard Todd QC, told a panel of three Court of Appeal judges the freedom to agree a contract was "at the heart of all modern commercial and legal systems".