Wednesday, 25 May 2022
By Tammy Knox
This blog in our series for international athletes explains key points of English law in relation to family issues and divorce.
Whilst the intricacies of contractual clauses and the tax efficient structuring of assets are undoubtedly at the forefront of many advisers’ minds, an athlete’s relationship status should similarly not be overlooked. Sportspeople, and those advising them, must carefully consider the potential financial ramifications of relationships and their breakdowns, particularly given that England is widely regarded as “the divorce capital of the world”. This blog examines:
- Key points for professionals who are already married (or in a civil partnership)
- How is an entitlement to a divorce (and related financial claims) determined in England?
- How will the English court divide capital assets upon a divorce?
- How will the English court treat income upon a divorce?
- Will the circumstances of the relationship breakdown affect the divorce or impact upon the financial division?
- What steps should be taken if the sportsperson is unmarried?
- What steps can be taken to minimise the risk of adverse publicity about family issues?
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Tammy is a partner in the London office of Penningtons Manches Cooper, specialising in all areas of family law, particularly those with an international element. She regularly advises on child abduction and international relocation of children, financial issues arising from separation, Family Law Act applications, disputes about child arrangements and prenuptial agreements. She is also experienced in representing vulnerable clients.