The wife of sawmilling magnate Mark Clayton has prevailed in a Supreme Court case that has been the culmination of ongoing litigation for the past decade between the couple and involves a $28 million fortune.
The case, seen here, ruled in favour of Mrs Clayton, represented by Deborah Chambers (pictured) has had wide implications for trust assets and their status or otherwise as relationship property.
Melanie Clayton, however, believes she is entitled to half of the value of the business and trust assets.
Her valuer was of the view that if her approach was upheld, she could be due half of a property.
The decision he is trying to appeal, according to Lady Chambers, redrew “the landscape” on trusts and relationship property.
The Court of Appeal found powers of appointment for trusts are property.
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