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Legal Alert - July 2018

A monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business.

Case law: Case illustrates when a court can treat an asset owned by a company as belonging to a spouse in a divorce settlement

A spouse seeking to remove an asset to a remote location and put its ownership into the name of a company, raises the strong inference that they are trying to avoid the asset being taken into account in a divorce settlement. In such cases, the court may 'lift the corporate veil' and treat the asset as belonging to the spouse not the company, a recent ruling has highlighted.

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Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.