Judgment reserved on McCartney/Mills divorce

Paul McCartney and Heather Mills have reached stalemate in their divorce hearing with the presiding judge, Mr Justice Bennett, reserving judgment on the case.

The hearing, which began last Monday (11th February), was originally expected to last five days but ran into this week. The settlement is expected to be the largest in divorce history with Mills expected to receive a sum anywhere between £10m and £80m.

John Charman’s divorce from Beverly Charman set the previous settlement record of £48m in May 2007.

Details of any settlement will remain confidential after Bennett J slapped a gagging order on both sides preventing them from talking to the press. The case will only become public if either side appeals the judge’s decision.

Today’s news will increase speculation about the abandonment of any settlement between Mills and McCartney. It was thought that a settlement would see Mills receive a £55m payment, which would be split between a lump sum of £20m and a further £2.5m a year until the couple’s child turns 18.

Fiona Shackleton of Payne Hicks Beach is representing McCartney while Mills is representing herself after falling out with her lawyers at Mishcon de Reya.