Property tycoon fails in compensation bid against ex-wife

Family Law|March 13th 2015

The High Court has denied property tycoon Elie Taktouk compensation from his former wife.

Mr Taktouk alleged that Daniella Semaan sold their central London flat for significantly less than its value following their 2013 divorce.

Spanish company Zirrintza SL bought the Belgravia flat Ms Semaan had shared with her husband for £5.4 million. Zirrintza is owned by her current boyfriend and Premier League football player Cesc Fabregas.

Mr Taktouk claimed that the flat was worth at least £7 million, possibly even as much as £10 million, and accused her of failing to properly market it.

The property mogul took his application for compensation to the High Court, where Deputy Judge Richard Snowden said the case was “yet another court battle between Mr Taktouk and Ms Semaan arising out of the breakdown of their marriage [and] acrimonious divorce”.

Deputy High Court Judge Richard Snowden QC ruled that Mr Taktouk’s application for compensation “has no real prospect of success” and dismissed it.

He criticised the tycoon, The Telegraph reports, saying he had still not paid the costs incurred by his ex-wife in earlier litigation. His current claim had been an “abuse of process”, the Judge declared.

At a previous hearing between the former couple, Mr Taktouk criticised British judges for favouring wives who are “badly behaved” and said “the family courts in our country are appalling”.

Photo of Belgravia, London by Herry Lawford via Flickr

Author: Stowe Family Law

Share This Post...

Comments(4)

  1. Andrew says:

    If the sale of such a valuable property was by order of the court then that order should provide for sale by public auction without reserve. I know nothing of these people but sale to the ex’s boyfriend is bout to arouse suspicions, isn’t it?

  2. Luke says:

    “Spanish company Zirrintza SL bought the Belgravia flat Ms Semaan had shared with her husband for £5.4 million. Zirrintza is owned by her current boyfriend and Premier League football player Cesc Fabregas.”
    =================================================
    .
    The Judge can decide that the price was fair, but if she sells the property to her boyfriend and the ex-husband questions the price then how can the Judge come up with “abuse of process” ???
    .
    It seems to me that the Judge doesn’t like Mr Taktouk’s previous comments and so has not acted objectively.

  3. Nordic says:

    Surely, the original order to sell the property was subject to an independent valuation as would be a requirement in most other jurisdictions…
    .
    Surely, selling the matrimonial property to the ex wife’s boyfriend was a blatant breach of that order for sale and, as such, an abuse of process…
    .
    Surely, the the above summary is wrong and a high court judge did not condone and encourage such obvious irregularities…
    .
    Surely, even in this primitive jurisdiction standards are not that poor….

  4. Jim says:

    If a man did exactly the same – sold assets at below market value to his new GF’s company in order to get one over his wife in a divorce case the courts would eviscerate him.

    Just another example of the pro-female bias in the divorce process.

Leave a Reply

Close

Newsletter Sign Up

For all the latest news from Stowe Family law
please sign up for instant access today.



Privacy Policy