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June 12, 2013

The ex-wife of a Nigerian oil tycoon on Wednesday won a lengthy court battle in Britain for properties he owned worth millions of pounds, in a Supreme Court ruling with significant implications for divorcing couples.

Lawyers for Michael Prest had claimed the properties were not his to hand over because they were legally owned by companies in his Petrodel group.

Marilyn Stowe, senior partner of Stowe family law, said the ruling was a “victory for common sense” and the judges had found an “ingenious way” around existing company and family law

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