Financial Arbitration

Family Arbitration

What is arbitration?

Arbitration is an alternative to court. You choose a qualified arbitrator to make a decision on your dispute, it is a relatively recent development in family law but it is one that enables parties to deal with their dispute on their own terms and with a swift outcome. It is an ideal way forward when a dispute has become intractable and a decision needs to be made by a third party quickly and decisively.

Family arbitration has many advantages over traditional litigation. It offers greater choice, flexibility and control in comparison to the court process. You can tailor make your arbitration so that it is personal to your case and so it can be a more satisfactory way to settle matters that have otherwise become unsolvable.

A bespoke process offering you greater control

If you choose family arbitration as the way of resolving your dispute, you and your ex partner select the arbitrator, timescale, location for meetings and which element of your dispute you would like to resolve.

A solicitor-led family arbitration allows your needs and practicalities to take priority and avoids the formalities of a court room process and procedure. As you chose the ‘judge’ for your case, you have complete assurance that your family arbitrator specialises exclusively in family law and has the necessary expertise to understand all the nuances involved.

How long will family arbitration take?

In your initial meeting with the arbitrator, you are able to put down a timetable that suits you. This means that your dispute could be resolved within 2-3 months rather than 18 months to 2 years in the Court system.

The speed at which your dispute can be arbitrated will crucially offer you significant savings in cost and stress. The flexibility of choosing your timeframe and venues also gives you greater control.

The arbitrator’s decision once made, is as binding as a court judge’s.

Arbitration can also be used alongside the court process. If an issue has arisen along the way that needs to be determined, arbitration can deal with that discreet issue for you, enabling you to move forward with your litigation.

Any aspect of the financial dispute between you can be dealt with through arbitration; from who keeps what possessions, to providing a resolution to your entire financial dispute.

Julian Bremner, a partner of the firm, is a financial arbitrator and will be able to arbitrate successfully for you.

What stages are involved in the family arbitration process?

The process is broken down into three broad stages:

Stage 1: Preparation

You choose your Family Arbitrator and agree whether you are going to use the process to resolve the whole dispute, or a discrete part of it. You can also choose where and when the meetings take place.

Stage 2: The Family Arbitration Process

Your first meeting will be either face to face with your Family Arbitrator or on a conference call. You can have your solicitors or barristers (or both) present if that is how you would like to proceed.

You will agree the timescales which would ideally suit you as well as determine what needs to be done by all parties to meet that timescale and present your case for arbitration. From then you can choose whether to continue the process through face to face meetings (which can be as similar or dissimilar to the court process as you both would like) or by written communication.

Stage 3: Conclusion

Much like a decision made in court, the family arbitrator makes a final decision. Fees are settled and the family arbitrator puts the decision in writing, including written reasons and provides you with a draft order to be filed in court. The arbitration will be respected by the Court and upon request – particularly in financial decisions – made an Order of the Court within a matter of days.

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