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When divorce bites back: reputational damage and the professional adviser

Date:28 NOV 2017
Third slide
Marcus Dearle & Ruben Sinha
Family Asset Protection | BLP Private Wealth

Professional advisers need to tread very carefully when a client wants to pursue an aggressive strategy to frustrate a spouse’s financial claims during divorce proceedings. Aggressive asset protection might well achieve a client’s financial objectives – at least in the short term. But the consequential reputational damage caused to the client, his or her advisers and their firms can be severe – and lasting.

These issues and risks were starkly illustrated in the case of Joy v Joy-Morancho and Others (No 3) [2015] EWHC 2507 (Fam), [2016] 1 FLR 815.

Read the full article here.