Divorces often raise complex financial issues, arising from either disparity of access to the financial information required to arrive at a fair division of assets or from the need to value those assets and the parties’ future financial needs.
The first part of this seminar will look at how lawyers and financial experts can assist their clients by verifying the completeness of asset and lifestyle disclosures and the second part addresses the more complex issues surrounding the valuation of assets and approaches available to calculating a lump sum amount in lieu of periodic maintenance.
The speakers will discuss the options available and share their experience tackling these issues.
Part 1: Assets and Lifestyle Basics
a) Parties’ entitlements
b) Disclosure obligations and procedures
c) Uncovering concealed assets
Part 2: Advanced Quantum Issues
d) Importance and relevance of expert valuation of
business interests
e) Lump sum settlements for future requirements
Bernice Loo
Bernice Loo is a partner in Allen & Gledhill.
Bernice specialises in many aspects of family and relationship law, including issues relating to divorce, children (including custody, care and control, access and relocation), maintenance and division of matrimonial assets (including complex financial matters), marital contracts and family wealth protection (including pre and post nuptial agreements), protection of the family, and cross-jurisdictional cases.
Bernice has been involved in various high-profile family law cases in Singapore.
Bernice graduated from the University of Nottingham with an LLB (Hons) degree. Bernice was called to the Bar in England and in Singapore.
Iain Potter
Iain Potter specialises in litigation support and expert witness assignments, in particular those involving business valuations or complex loss of profits claims and has advised clients, given evidence and testified before courts and arbitral tribunals in a number of jurisdictions including the UK, Singapore, Malaysia and Thailand.
In addition to being a qualified Chartered Accountant in both England (ICAEW) and Singapore (ISCA), Iain is a Fellow of the Chartered Institute for Securities and Investments and holds their Diploma as well as the ICAEW's Corporate Finance Diploma. He is a member of the American Society of Appraisers and the National Association of Certified Valuators and Analysts, two of the leading business valuation professional bodies, and has passed both bodies' business valuation accreditation exams.
Iain holds undergraduate degrees in Mathematics and Law, a Master's degree in Law from the University of London and is a current PhD student with the University of Leicester where his research focuses on adjustments for the time value of money and risk in awards of damages.
