Quote Originally Posted by fred View Post
Hi Dopey... Mr Silly here.

First off it might be a good idea to be more specific and explain what kind of business you intend to engage in here in the R.P.
Strictly speaking, you are set to lose more than 50% of your business because to begin with you can only own 40% of a legally registered business according to Filipino law.. The other 60% will be controlled by your Filipino business partner..
So... If your wife did turn up and believed that she was entitled to half your share (which I doubt she is whilst you are still married) she could only expect 20% share of the business... Anyway,in theory,if this scenario ever came to pass its not hard to calculate that if you provided 100% of the capital start up then you would have just lost 80% of it!!
Do you yet know who your Filipino business partner is/are?

Cheers,
Mr Silly.
Sorry to be late in my replies...as I've not got 'privileges' I cant access my own page to see where and what posts I've made.
I've sent an email to the mods but no response yet.

Anyways
No I dont know who my business partners are as yet, Business not yet set up, I was being hypothetical.
I cant seem to find on the net where it can tell me what the 'ex' is/not entitled to after or indeed before the annulment.
Whats worrying me is
When I go back in 2014, I buy a house (Yes i know about not being able to own it outright etc etc)
start a business (again Cheers Fred) and after say 4 years when i am successful and have franchised the business with marami outlets, and have 2 x homes....will she be entitled to anything I have built up