Biggs multimillion-dollar divorce case ends with settlement

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Sophie and Stephen (Tim) Biggs pictured in happier times on holiday in Aspen.

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Sophie and Stephen (Tim) Biggs pictured in happier instances on vacation in Aspen.

An unlimited divorce case involving globetrotting former Queenstown couple Sophie​ and Tim Biggs​ has ended with a settlement terminating what would have been a protracted, advanced trial.

The listening to, when it began final week on the Excessive Court docket in Auckland​, was anticipated to final about three weeks.

However each side have now managed to seek out widespread floor.

Sophie and Stephen (Tim) Biggs pictured on holiday in Italy.

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Sophie and Stephen (Tim) Biggs pictured on vacation in Italy.

The civil continuing has ended and the pair reached a settlement independently of the court docket.

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The settlement’s phrases are confidential.

The couple had worked together to sell a property on the South Island's Closeburn Station, the court heard.

Alden Williams/Stuff

The couple had labored collectively to promote a property on the South Island’s Closeburn Station, the court docket heard.

With no future court docket dates scheduled, the divorce settlement ends years of litigation.

The couple met in Sydney and married in 2011.

They separated by November 2014 earlier than reconciling.

The share dealer and his spouse moved to Otago however then separated once more, and the divorce proceedings began in 2016.

The trial at the High Court in Auckland ended weeks before expected when the former couple reached a settlement.

Alden Williams/Stuff

The trial on the Excessive Court docket in Auckland ended weeks earlier than anticipated when the previous couple reached a settlement.

Beforehand, former inventory dealer Sophie Biggs stated she’d discovered litigation extremely tough.

“I’m searching for a good consequence that correctly recognises the massive quantity of labor I put into our varied property and supporting my then husband,” she stated shortly earlier than the trial.

Final week, her counsel Girl Deborah Chambers QC​​​ instructed the court docket the Biggs have been as soon as “a really glamorous couple main a really pleasurable life around the globe”.

The court docket heard the pair had a chalet in United States ski vacation spot Aspen, Colorado​​, and a property in browsing hotspot Noosa, on Queensland’s Sunshine Coast​​.

MORNING REPORT/RNZ

The Regulation Fee desires an overhaul of the foundations for dividing up property when a pair splits up, saying they’re out-of-date and have didn’t sustain with social change.

Chambers had instructed Justice Gerald Nation​ it might be a “very sophisticated trial” involving division of property and entry to a multimillion-dollar household belief.

Sophie Biggs was owed about $220,500 upkeep, Chambers stated.

Tim Biggs’ legal professionals beforehand argued Sophie Biggs was incurring extreme authorized charges.

And an earlier court docket choice famous Tim Biggs had already paid his ex-wife $400,000, which must be repaid after the sale of their luxurious Closeburn​ residence close to Queenstown.

Justice Nation final week heard that regardless of the dispute, the Biggs had proven a capability to work collectively, with some current success getting a property available on the market.



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