"A billionaire sheikh and his wife are facing the loss of their 8.3 million London residence, situated on Britain's most expensive street, following a High Court defeat over its ownership. Makiyah Al Jaber and her husband, Saudi-born businessman Sheikh Mohamed Bin Issa Al Jaber, had contended that their family home in Winnington Road, Hampstead Garden Suburb, belonged to her under an Islamic custom."
"The dispute arose after one of the sheikh's companies collapsed, leaving him with debts now estimated at nearly 80 million. Liquidators sought to charge those debts against the palatial property. The couple argued that despite the house being in his name, it was not legally his to be seized or sold to settle the massive debt."
"High Court judge Deputy Master Joanna Valentine has now dismissed their case, leaving Mrs Al Jaber facing the prospect of losing the home where she has lived for 34 years and raised their three children."
A billionaire Saudi businessman, Sheikh Mohamed Bin Issa Al Jaber, and his wife Makiyah Al Jaber faced losing their £8.3 million residence in Hampstead Garden Suburb, London's most expensive street. The couple argued the property belonged to the wife under Islamic custom requiring husbands to provide homes that become the wife's property. The dispute emerged after one of the sheikh's companies collapsed, creating debts estimated at nearly £80 million. Liquidators sought to seize the property to settle these debts. Despite the house being registered in the sheikh's name, the couple contended it was not legally available for seizure. High Court judge Deputy Master Joanna Valentine dismissed their case, leaving Mrs Al Jaber facing the loss of the home where she lived for 34 years and raised three children.
Read at www.independent.co.uk
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