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Green Energy Tycoon Dale Vince to Pay £43.5m Divorce Settlement

The High Court ruled that Labour donor Dale Vince must pay his ex-wife Kate Vince in three installments after a contentious four-year legal battle.

Overview

  • Dale Vince, founder of Ecotricity and a prominent Labour donor, was ordered by the High Court to pay £43.5m to his ex-wife, Kate Vince, as part of their divorce settlement.
  • The settlement amount will be paid in three tranches over three years, with the first payment due by April 30, 2025.
  • Kate Vince's legal team argued that her ex-husband's donations to the Labour Party and other causes, totaling millions of pounds, were made using matrimonial assets she was entitled to share.
  • Dale Vince claimed the judgment vindicated his approach, stating the awarded amount was £12m less than he initially offered his ex-wife four years ago.
  • The case highlighted disagreements over the couple's separation timeline, allegations of financial misconduct, and calls by Dale Vince for reforms in family law to prevent lengthy and public disputes.