The “No-fault divorce” is coming

The law

Under the current law, introduced in 1973, couples must blame the other to get a divorce, unless they have been separated for two years.  To blame the other person, they must cite either their “unreasonable behaviour” or their adultery.  This is not very helpful for those couples who have mutually agreed that their marriage has broken down, but there is no one at fault.

How do I “divorce-proof” my business?

We deal with many cases involving SME’s and businesses.  The impact on a business of a marriage breakdown can be significant:

  • It can be difficult to focus on your work while you are dealing with the emotional fallout of your separation. This can affect financial performance, the value of the business and the level of your income.
  • The business interest may well be an asset to be considered in the financial settlement.
  • If the business is run as a joint venture by both of you, the future of the business will need to be decided