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Minutes before her case was due to be heard by the Court of Appeal, the ex-wife of an investment banker has withdrawn her claim to a bigger share of her husband's £1.1m income.
The couple, who met at Exeter University, separated in 2006 after a nine year marriage. They reached a financial settlement in 2006 which provided for 32 year old Mrs Bokor-Ingram to receive maintenance of £55,000 per year and a three quarter share of the family home in Surrey. At the time of the settlement, Mr Bokor-Ingram, then 36 years old, was employed by Goldman Sachs on a salary of £500,000.
Having signed the settlement, Mrs Bokor-Ingram discovered her ex-husband had been involved in undisclosed negotiations with Renaissance Capital relating to an employment package worth $1.6 million.
The Court of Appeal heard that Mrs Bokor-Ingram had applied to vary the original settlement and increase her maintenance
award but backed out after last minute negotiations when it was revealed that Renaissance had not offered her ex-husband a job.
The parties managed to reach agreement without their lawyers and Mrs Bokor-Ingram is to keep her current maintenance but will receive his quarter share of the family home and a lump sum payment of £40,500 towards her legal costs.
Jonathan Cohen QC, who represented Mr Bokor-Ingram, said that the "catalyst" for the parties' discussions outside court was the cost of further litigation and the "financial realities that now exist in the City." He added that his client had received "dispiriting news about his income, which relates to his bonus."
The case is a further example of "credit crunch" divorces hitting the City and the preference by couples for out-of-court settlements in order to avoid costly legal representation.
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