21st May 2015

Collaborative approach for divorcing business owners

We were instructed by a self-employed company director in divorce proceedings. Our client’s wife ran her own business trading around the region but the companies were linked and had a profit-sharing agreement, the husband’s company supplying services to the wife’s. In addition there were property and pension assets. This was a collaborative case which enabled us to take a proactive approach and resolve the matter in a way that the courts could not, by finding more flexible client-centred solutions. Separating out the companies enabled us to structure a deal whereby our client’s company provided services at a discounted rate for the wife’s business. Once this issue was resolved the other parts of the settlement were easily dealt with. By taking a different view from the courts the clients achieved a much better outcome than they would otherwise have been able to, to their mutual benefit and allowed them to go forward after their marriage was over with a reasonable relationship.

Family 254338561

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