Advice for businesses and partnerships
As a partner in a business, you understand the importance of confidentiality and of keeping partnership financial information private to the partnership. But what happens if one of your partners gets divorced? The disclosure obligations under divorce law could mean your partner’s spouse (or possibly worse, their lawyer) having access to sensitive financial information which you would rather they didn’t. At Corbett Le Quesne we can help you by advising on the disclosure obligations and how these might be ameliorated.
One way of avoiding such a situation would be by all partners entering into a relationship agreement (either a pre- or post-nuptial agreement depending on their circumstances) which details exactly what information will be provided to the non-partner spouse in the event of divorce.