Sir Frederick Barclay could face jail if he is found in contempt of court today after failing to pay his ex-wife £100million after a divorce battle.
- The tycoon was ordered to hand over £100million after their 34-year marriage ended.
- Lady Hiroko Barclay has called for her ex-husband to be jailed for contempt.
- She claims Sir Frederick has breached previous court orders by failing to pay her.
A judge will today decide whether businessman Sir Frederick Barclay is in contempt of court as a result of failing to pay his ex-wife – and has been told to consider jailing him.
Sir Jonathan Cohen is to oversee the latest round of the dispute between Sir Frederick, 87, and Lady Hiroko Barclay at a hearing in the Family Division of the High Court in London today.
Lady Barclay says Sir Frederick has breached orders to hand over the money following the breakdown of their 34-year marriage.
He has charged her with contempt of court and asked Sir Jonathan to consider giving her a prison sentence.
Sir Jonathan previously ruled that Sir Frederick must pay Lady Barclay £100 million after their marriage broke up.
British tycoon Sir Frederick Barclay, 87, considered applying for legal aid during his high-profile £100million divorce battle against his ex-wife of 34 years.
Lady Hiroko Barclay insists Sir Frederick has breached the order, accusing him of contempt of court and asking the judge to consider a custodial sentence.
Lawyers representing Sir Frederick have indicated they will take part in the defence.
Sir Frederick and his twin brother, Sir David, were among Britain’s most high-profile businessmen.
Sir David died in January last year aged 86.
His business interests included the Telegraph Media Group and The Ritz Hotel in London.
Sir Frederick and his twin brother, Sir David, were among Britain’s most high-profile businessmen. Sir David (left) died aged 86 in January last year.
A barrister heading up Lady Barclay’s legal team told a judge on Thursday that the money had not been paid – as sources indicated she had already run up legal bills of more than £300,000.
The family also has links to the Channel Islands and Monaco.
Sir Jonathan criticized Sir Frederick in an earlier ruling in the fight over money, saying he had behaved in a “reprehensible” manner.
The judge said the businessman sold a luxury yacht and “applied the equity to his own use” in breach of the orders.
She said Lady Barclay wanted £120 million and Sir Frederick had made an offer that left her with nothing.
At a previous hearing, Sir Frederick considered applying for legal aid during his divorce battle.
Sir Jonathan, who has considered evidence about Sir Frederick’s mental capacity, is due to make the ruling today.
It was claimed in court earlier this year that the billionaire tycoon has been ‘evicted’ from his home, and his family will have to pay his legal costs.
The court was also told that Sir Frederick was also significantly in arrears in paying legal fees.