The New York Daily News is reporting that the ex-wife of Russian billionaire
Dmitry Rybolovlev has been awarded $4.8 billion, in what is being called
the largest divorce award in history. 47 year-old Elena Rybolovlev was
given the ruling by a Swiss court, in a settlement that will see her take
more than half of Rybolovlev's estimated $8.8 billion fortune. Additionally,
reports indicate that Elena may attempt to use the ruling in order to
take control of her ex-husband's $88 million apartment in Central
Park West. Elena was also awarded custody of the couple's 13 year
old daughter Anna.
According to published reports Elena filed to
divorce Rybolovlev five years ago as a result of numerous instances of infidelity.
After the filing Elena reportedly tried to have Rybolovlev's bank
accounts frozen, and he in turn went on a lavish spending spree, spending
hundreds of millions of dollars on real estate, and even buying a share
of a French soccer league team. Elena is said to have initiated court
proceedings in New York, Hawaii, and Florida in order to prevent Rybolovlev
from transferring assets during the divorce proceedings.
Rybolovlev's lawyer says that the judgment will definitely be appealed,
and should not be considered final.
In divorce cases, often times the best strategy for getting the client
what they want and deserve comes about through effective negotiations.
Through negotiations divorce settlements are achieved under the parties'
control. A client usually knows what assets exist and what their needs
are. Divorce judges only get small glimpses of the lives of divorcing
couples. As such, when a judge makes the final decision in divorce case
sometimes both parties end up dissatisfied. However, there are cases where
because of the stubbornness and/or greed of one of the parties, the best
efforts to negotiate a fair divorce settlement fail. That is when the
experienced divorce lawyer must bring all of his or her trial skills to
bare on behalf of their client.
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