Businessman Sir Frederick Barclay is looking forward to a pass judgement on’s ruling after being accused of being in contempt of courtroom on account of failing to pay tens of thousands and thousands of kilos he owes his ex-wife.
Sir Jonathan Cohen is predicted to come to a decision whether or not Sir Frederick, 87, is in contempt on Thursday afternoon.
He started making an allowance for the newest level of a dispute over cash between Sir Frederick and Lady Hiroko Barclay, 79, at a public listening to within the Family Division of the High Court in London previous this week.
Lady Barclay has requested the pass judgement on at hand Sir Frederick a prison sentence.
She says Sir Frederick has breached orders after being informed to pay her greater than £100 million following the breakdown in their 34-year marriage, and is in contempt of courtroom.
Lady Barclay informed Sir Jonathan that Sir Frederick has the way to pay however is aiming to “string things out” till “one or other of us dies”.
Sir Frederick disputes her allegations.
He says he does no longer have get right of entry to to price range, and says cash is held in trusts.
The Barclay brothers have been a few of the UK’s maximum high-profile businessmen, with trade pursuits together with Telegraph Media Group and The Ritz lodge in London.
Sir David died in January closing yr, elderly 86.
Lady Barclay says “loan notes” have been at Sir Frederick’s disposal, and her legal professional informed the pass judgement on they have been value £545 million.
She additionally argues that he has an passion in Brecqhou, within the Channel Islands, the place Sir David Barclay lived.
Lawyer Marcus Dearle, who’s based totally at Miles Preston and represents Sir Frederick, has informed the pass judgement on in a written commentary that “all steps” were taken to lift cash owed.
He mentioned it had change into transparent there have been “only two viable routes” to check out to lift the lump sums: Sir Frederick may attempt to promote his passion within the island of Brecqhou and/or try to redeem mortgage notes issued by way of two trusts.
“All steps have been taken to try and raise the lump sums and ensure Frederick’s compliance with the order,” he mentioned.
“However, as the court will see, despite his best attempts, Frederick has not yet been able to raise the lump sums.
“Frederick is currently being financially supported entirely by his daughter Amanda, by way of a loan and payments by way of gifts.”
Sir Jonathan had previous dominated that Sir Frederick will have to pay Lady Barclay sums totalling £100 million after overseeing their combat over cash.
The pass judgement on criticised Sir Frederick, pronouncing he had behaved in a “reprehensible” type.
He mentioned the businessman had offered a luxurious yacht and “applied the equity for his own use”, in breach of orders.
The pass judgement on mentioned Lady Barclay had sought after £120 million and Sir Frederick had made an be offering which may have ended in her getting not anything.
Sir Frederick were ordered to make two £50 million bills.