The value of a family business or business interest is treated as an asset and therefore part of the matrimonial pot to be distributed when it comes to negotiating a financial settlement on divorce or...
This Practice Direction takes effect from 16 June 2008 and replaces the Registrars Directions of 3 November 1980 and 20 January 1992, which are revoked from that date.
The Principal Registry of the Family Division is required by the Family Proceedings Rules 1991, rule 2.51(3) to retain a central index of decrees absolute and by rule 2.51A(3) to retain a central index of final orders for the dissolution and annulment of civil partnerships. Since January 1981 information has been provided to the Principal Registry by computer in conjunction with the Office of Population Censuses and Surveys, now the Office for National Statistics (ONS). Courts create a computer input form 105 for each relevant decree absolute and, since 5 December 2005, a form 106 for each relevant final order for the dissolution or annulment of a civil partnership. The completed form is forwarded to the ONS and the ONS then creates the index, which is sent to and kept under the control of the Principal Registry.
The procedures set out in this Direction are to be followed in completing form 105 and form 106, and in dealing with the despatch of forms and the resolution of queries.
Form 105 should be completed in respect of decrees absolute only, i.e. for decrees of divorce or nullity, and not for decrees of judicial separation. Form 106 should be completed in respect of final orders for the dissolution or annulment of civil partnerships and not for separation orders.