Dividing jointly owned company assets to preserve their equity on divorce

Joanna acted for a client with regard to their divorce and financial proceedings through collaborative law. Most of the parties’ assets were held in limited companies to which either or both of the parties were shareholders. The parties were clear that the company assets should not be sold as a result of the divorce and they hoped to sell the assets for a profit at a later date. Through negotiations, the parties were able to agree on a division of the company assets whilst preserving their shareholdings in the companies.  The parties sought financial advice to inform them on the effect of the division or restructuring of each company and this advice underpinned the agreement.

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