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  1. Wealth
October 30, 2012

Daily Mail: Millionaire has ‘disastrous’ divorce settlement adjusted

By Spear's

A multi-millionaire estate agent whose ‘disastrous’ divorce left him unable to afford to buy a home of his own has won a ruling that parts of a family court judgement made last year were ‘too favourable’ to his ex wife

A multi-millionaire estate agent whose ‘disastrous’ divorce left him unable to afford to buy a home of his own has won a ruling that parts of a family court judgement made last year were ‘too favourable’ to his ex wife.

Christos Malialis, 59, argued that a £1.45million payout was handed to his ex-wife Elizabeth by an ‘unfair’ and ‘biased’ divorce judge and that he had to put their £1.8million six-bedroom former home on the market and move into a rented one-bedroom flat.

The estate agent, who made his fortune from a lettings agency in Hampstead, ironically complained to the Appeal Court that being forced to move into rented accommodation had left him ‘nowhere near as comfortable as I have been accustomed to.’

He argued that the award to his ex-wife effectively saw her handed double the share of the marital assets that he received.

Top judges at the Appeal Court ruled that parts of the family court order made last December by Mrs Justice Judith Parker were ‘plainly too favourable’ to his ex-wife.

Read the full story at dailymail.co.uk

Read more on divorce law from Spear’s

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