Could Supreme Court rule affect prenups?

The UK's Supreme Court could soon change the face of the legality of prenuptial agreements as a landmark case is brought to trial.

Nicolas Granatino, a former City banker is facing a divorce battle with German heiress Katrin Radmacher, who is said to be worth £100 million.

Before the couple married they signed a prenuptial agreement stating that they would not claim each other's fortunes if they parted.

However, Mr Granatino has argued that he did not know the full extent of the contract.

Prenuptial agreements are useful contracts between couples looking to marry but it is only now that they could be used as a vital tool in UK courts as they are in the US and Europe.

Pauline Fowler, a lawyer at Hughes Fowler Carruthers told the Financial Times: "There have been some prenuptial agreements for many years, but over the past few years there really has been a groundswell of interest from people, including people entering second marriages or where the desire for a prenup comes from a parent or grandparent wanting to protect their family assets."

Written by Christopher Evans

Published on: May 18, 2010

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