The threat of a No Deal Brexit is now being used to reduce the value of some larger divorce settlements, private client law firm Boodle Hatfield has c;laimed.

The firm highlighted a recent high net worth divorce hearing where the judge ordered that the value of a jointly owned business should be discounted by 10 percent to allow for the possibility of a No Deal Brexit and the economic downturn caused by Covid, meaning one party may be disadvantaged if the business’ value subsequently rises rather than falls.

Boodle Hatfield warned that more business owners going through a divorce are likely to use the economic disrupt...