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High Court grants a decree of judicial separation, directing the equitable division of assets, including the sale of a family business and the family home. The court found that despite extensive negotiations and an open offer from the respondent, the parties could not settle their differences, leading to a multi-day hearing. The court placed values on contested items such as a yacht and a car, and considered the respondent's proposal for a 50/50 split of main assets reasonable. The court's decision ensures both parties, aged 74, will have the means to secure comfortable accommodations and provide for their needs as senior citizens. The original decision from the Circuit Court to transfer the case to the High Court was upheld, with the High Court concluding the matter in the interests of justice and finality.
judicial separation, Family Law Act 1995, Judicial Separation and Family Law Reform Act 1989, equitable distribution, family business, asset valuation, pension division, inheritance, High Court, Circuit Court, ancillary relief, settlement negotiations, open offer, yacht valuation, company sale, future maintainable profits, accommodation needs, senior citizens, finality in litigation.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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