Phillips and Phillips

In *Phillips and Phillips*, heard before Barry J, the proceedings concerned a dispute between a husband and wife. The central issue revolved around the valuation of the husband's shareholding in VW Pty Ltd as at 31 January 2002, a crucial element for the determination of their property settlement.

The court was required to determine the threshold question of the appropriate value to be ascribed to the husband's shareholding in VW Pty Ltd as at 31 January 2002. This valuation was a prerequisite for the further division of matrimonial assets.

Barry J adjourned the proceedings to allow for the determination of this threshold question. Directions were given for the wife to file and serve her material and written submissions on the legal aspects of her claim by 2 July 2010, and for the husband to do likewise by 9 July 2010. The matter was listed for further hearing on 12 July 2010.