UK court awards landmark custody settlement against Dubai ruler — Analysis
The High Court in London has ordered Dubai’s ruler, Sheikh Mohammed bin Rashid Al-Maktoum, to pay £554 million ($733 million) to settle a custody battle with his ex-wife, Princess Haya bint al-Hussein, over their two children.
On Tuesday, the court said that the princess, who is a half-sister to Jordan’s King Abdullah, should receive an initial award of £251.5 million ($332.8 million) from her former husband and Dubai’s ruler within three months.
The award to Princess Haya and the couple’s two children will provide for possessions lost during the divorce, as well as lifetime security, the court ruled. Judge Philip Moor claimed that Sheikh Mohammed had posed as a threat to the court. “grave risk”To the three of them. “Absolutely uniquely, the main threat they face is from [the sheikh] himself, not from outside sources,”The judge said.
Moor said also that Moor was not asking for any more money than she needed to cover herself and her belongings. Because she was married to one the most wealthy men in the country, her lawyers argued that she would have had the right to millions. She had originally sought some £1.4 billion ($1.85 billion).
The rest of the £554 million ($733 million) custody settlement goes towards expenditure such as legal fees and provisions for their children’s maintenance and education. Sheikh Mohammed is required to pay £11.2 million a year for the children’s maintenance and security until Jalila, 14, and Zayed, nine, become adults.
The sheikh’s payments under the court ruling will be guaranteed by a £290 million ($383.8 million) security held by HSBC.
Princess Haya told the court that the one-off £251.5 million ($332.8 million) payout would allow her and the children to properly move on. “I really want to be free and I want them to be free,”Sie stated.
This settlement is the result of a bitter battle that began between them in 2019. After a brief relationship, the princess flew to the UK in search of safety.
The UK Court ruled later in the year that Sheikh Mohammed had threatened and intimidated Princess Diana, leading to her being afraid for her own safety.