My client is a limited company, H&W directors and 50:50 shareholders. I act for the company and both directors personally. All was great until about a year ago when they decided to divorce. My main contact is the wife, and she is relatively fine. The problem’s with the husband. He’s being particularly awkward, and having had no interest in the financials of the company in the past, is now asking questions which, to be honest, look like they’re being written by his solicitor, as he doesn’t really understand it.
The intended resolution is that the wife buys husband out.
So I have a couple of questions:
- Do I have a conflict of interest? I think not, but I’m not sure.
- Can anyone see any particular problems if I stopped acting for the husband?
My ultimate aim is to keep the company as a client.