President calls for reform
In an interview with The Times today Sir Mark Potter, President of the Family Division, states that the matrimonial property regime is "ripe for review by the Law Commission". This is pleasing - I (and many other family lawyers) have been calling for a review for some time. I note in particular that Sir Mark refers to European jurisdictions, where they have set rules on ownership of matrimonial property - hopefully, Sir Mark envisages that we have a similar set of rules, which should clarify matters significantly and make it far easier to advise.
My only gripe is that the calls for reform seem to be stemming from dissatisfaction with the decisions in the recent high money cases. Reform is needed across the board, not just for the super rich.