Monday, 22 September 2014
Last updated 6 hours ago
Mar 25 2014 | 10:15am ET
A jet-setting hedge fund manager’s husband has won the right to pursue his divorce in the U.K.—where judges have proven extremely generous to the spouses of the rich.
Weng Choy filed for divorce from Lena Tan, who has worked at WMG Advisors and Ward Ferry Management, two years ago in London. But Tan argued that the British had no jurisdiction over the 15-year-long marriage, given that they divide their time between London, Hong Kong and Malaysia.
But a British appeals court last week found that Choy had been “habitually resident” in the U.K., where the family owns a £4.5 million apartment in London, for a year before he filed for divorce, and was therefore entitled to seek the end of the marriage in the country.
Marital assets in the case are estimated at about £11 million.
“The judge found that they had an international marriage which, from 1998, involved them moving around the world following the wife’s work,” Choy’s lawyer, Timothy Bishop, said. Bishop insisted that Choy had made London his base since 2010, and that the Kensington apartment was “the jewel in the crown of their assets” that was never rented out.
Tan’s lawyers argued that it was unfair to have the case heard in London, given the “need for her physical presence in Malaysia,” while Choy was “not gainfully employed.” But Choy’s lawyers argued he had given up his own banking career to support Tan and raise their two children.
Aug 25 2014 | 11:21am ET
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