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Politics is affecting life decisions

Date: 17 Nov 2016

Citywealth

Simon Bruce, partner at Farrer & Co also says some clients are moving abroad before Brexit, postponing decisions about their private lives.

Does the plummeting pound, cause concern amongst your clients?

Most UHNW clients have diversified and balanced asset portfolios. So the devalued pound will generally not have significant or even any effect on their wealth.

Will Brexit fuel forum shopping?

Yes. The test for whether the English court should deal with the case, rather than another country, will be a matter of discretion, rather than a matter of timing. A matter of judgement and luck, rather than a matter of certainty.

Tell us about some your international divorce cases affected by Brexit.

Some clients are moving abroad before Brexit, and so are postponing decisions about their private lives until a new jurisdiction is available for proceedings. Or are hastening decisions about starting proceedings. Politics is affecting life decisions.

This article was published in Citywealth Weekly, our mid-week roundup of topical news and exclusive expert comments.Sign up here to start receiving the Weekly in your inbox.

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