‘Fabulously wealthy’ Swiss travel firm boss – lived in Monaco – WINS first round of divorce fight with estranged English wife

 July 11, 2018



A Swiss travel firm boss said to be ‘fabulously wealthy’ won the first round of a fight over cash with his estranged English wife.

Fabio Mantegazza, 62, whose father Sergio launched Cosmos Holidays and previously owned Monarch Airlines, said a Swiss judge should make decisions about the division of money following the breakdown of their 20-year marriage.

Sarah Mantegazza, 48, who comes from Bromley, Kent, wanted any fight to take place in an English court.

Mr Mantegazza, who was born in Lugano and lived in Monaco, said he had no significant assets in the UK, and a Swiss court was manifestly more appropriate.

Mrs Mantegazza said a judge in England would be better able to assess her needs.

A judge in London ruled in favour of Mr Mantegazza, who worked for Cosmos.

Mr Justice Moor said Mrs Mantegazza had not proved that she would ‘not receive substantial justice’ in Switzerland.

The judge, who said Mr Mantegazza was alleged to be ‘fabulously wealthy’, analysed the dispute at a family court hearing in London in 2017 but his ruling has only recently been published.

He heard that the couple, who have two children, married in Morcote, Switzerland in 1996 and then had their marriage blessed in Canterbury, Kent.

Mrs Mantegazza and their children had lived in Lugano for more than a decade, he was told.

Originally published at Daily Mail

Divorce in Monaco

The process of divorce in the Principality is often difficult because of the country of origin of the foreign residents. For example if a Swiss man marries a German woman and they both reside in the Principality of Monaco, they need to take into consideration three different legislations (Swiss, German, Monégasque).

In many cases and especially when there is no settlement between the parties the applied law can be crucial. Even if you are able to divorce under the legislation of the Principality of Monaco in the very first days that you have received your residence permit, Monaco does not offer the European comfort of separation.

In Monaco the base of compensation for the spouse is never based on the actual wealth. Based on the law what you brought into the marriage stays yours after the divorce. Therefore if you had a house before the marriage you can keep the house and your spouse has no right on it. The separation is based only on the commonly built wealth.

In case your spouse had no income during the marriage, the court is entitled to create a basic calculation of her monthly living cost, which is an indicator of maintaining the same level of lifestyle that the spouse had during the marriage.

Living in Monaco

Living in Monaco book by Zsolt Szemerszky

Living in Monaco

Comprehensive, objective and brutally honest book about the Principality of Monaco and its living environment. The book Living in Monaco is also a professional relocation itinerary.

The book is available for purchase in English at: http://amzn.com/1496107004

The author Zsolt Szemerszky intended to hunt down the myth around Monaco and to go beyond gossips. Zsolt is also know by releasing Monaco’s first gourmand book. The Signature Dishes of the Principality of Monaco was launch last December 2016 as the number one release in wine pairing at Amazon.com allows gastronomy lovers to discover the excellence of the Principality of Monaco thanks to recipes and interviews with Executive Chefs who hold together over 50 Michelin stars.

However Living in Monaco is significantly different from his other books. It is not a travel book, it is an ultimate guideline to those who are aiming to get a glimpse about the real Monaco and who have the desire to relocate their personal or business life to the Principality.

The book explains the benefits of the relocation (both for private and business reasons), the life quality in the Principality, and reveals how can one capitalise the unseen treasures and business potentials of Monaco. The “Relocation and what it takes” chapter also explains all the tiny details, traps, tips and best practices while it offers a detailed overview of the administrative mechanism of the Principality.

One of the interesting part of the book is the second part which focuses on the people, the opportunities, and the traps in Monaco. It offers a first hand guidance to avoid to fell for the catchy workings and the illusions of luxury. Understanding the real-life examples one can truly enjoy the Principality with all its safety and protective legal systems for families and businesses.

The book is available for purchase in English at: http://amzn.com/1496107004


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