Family arbitration has been developed over recent years and allows you and your former partner to appoint an independent arbitrator to make a decision on the financial and property issues arising from the breakdown of your relationship.
Any decision made in arbitration will be final and binding upon both parties.
It is important to note that the same arbitrator will deal with all stages of any case from start to finish and the significant advantage of choosing the arbitration route is that unlike the court process, this does allow you to have more of a say on when disclosure takes place and also when and where any hearings take place. This of course means that things can be done much quicker and conveniently for you.
Obviously, arbitration is more confidential and flexible as well as being less formal than going to court and you can arrange to work with us in order to deal with the arbitration to limit the scope of such a decision to one or two specific aspects of the case if this is what is most important. Clearly, this allows you to obtain a much quicker outcome and this can be more cost effective than going through the whole court process.
As with all forms of dispute resolution, there are some situations where arbitration may not be suitable, particularly if obtaining evidence from third parties is required or there is a risk that assets are being hidden.
However, arbitration is a good alternative to going to court in most financial cases and to find out more about this process and how we can help, please do not hesitate to contact us. You can also find out more on family arbitration on the website www.ifla.org.uk or by clicking here.