Insights: Business assets in divorce

Whilst most people prefer to keep the two separate, it is a fact that business issues can also become personal issues.

Resolving financial issues following family breakdown is not simply a business deal. Even hardened business people can find this the toughest time they have experienced.

A landmark case last year - Prest v Petrodel Resources Ltd – provided some guidance when it comes to whether company-owned assets can form part of divorce settlements.

Personal issues can have commercial effects when relationship breakdown hits the boardroom.