FAMILY DIVISION
Strand, London, WC2A 2LL |
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B e f o r e :
at the Principal Registry of the Family Division
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G (Mother) |
Applicant |
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- and - |
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A (Father) |
Respondent |
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Dr Michael Pelling appearing with the permission of the Court under s27(2) of the Courts and Legal Services Act 1990 for the Respondent
Hearing dates: 7th and 11th February 2011
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Crown Copyright ©
His Honour Judge Horowitz QC (sitting as a Judge of the High Court) :
Background
i) Munby J refused to defer payment of £20,000 to exchange of contract but for the avoidance of doubt declared that the sum was to be used for moving and furnishing, the mother being further required to account by receipts for all expenditure above £10.
ii) The father succeeded against the mother's opposition in a requirement for two trustees, one per parent, neither necessarily a professional.
iii) £220,000 not to be payable until the Deed was executed: father to receive interest until application in purchase of a property with fall back proviso for repayment if no property purchased within one year.
iv) Liberty to apply as to both implementation and timing.
v) Mother to have interest at judgment rate from 29 July 2005 on £20,000 due unpaid.
vi) Interim charging order against father's property discharged to be replaced by an injunction against the same property – which remains in force.
vii) The duration of the Trust was adjusted to attaining 18 or tertiary education – not 21 – on the father's application and consideration of the authorities .
viii) Liberty to apply for the Trust Deed to be settled by conveyancing counsel absent agreement. Alternatively, if the Deed is substantially but not wholly agreed either party may request the Court to settle outstanding points in dispute.
Issues following 9 December 2010
Order
Michael Horowitz QC
14th February 2011