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Biggest EU Digital Shake-Up Since GDPR? What Businesses Need To Know
Christopher Perrin
With over 800,000 businesses incorporated in the UK every year, it is no surprise that business assets and in particular the disposal of business interests are often a significant issue when dividing assets between separating spouses in financial remedy proceedings. The landmark case of White v White [2000] introduced the starting point of an equal division of capital, as Lord Nicholls held: “There should be no bias in favour of the money-earner and against the home-maker and the child-carer”. However, the concept of matrimonial and non-matrimonial assets is vital in cases involving businesses, as the non-business owning spouse may have a weaker claim against the value of the business, in circumstances where the value was generated prior to the marriage or following the parties’ separation.
The Kingsley Napley Junior Debate is taking place this week and we’re going to be discussing the impact of artificial intelligence on the way in which we help clients reach financial settlements. As someone who doesn’t know much at all about how AI works and the extent of its potential, I have spent some time trying to familiarise myself with what it can offer and the potential pitfalls.
This article first appears in Spear's 22nd May 2019
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