Family Arbitration is a new service that we offer under the Institute of Family Law Arbitrators (‘IFLA’) scheme.
Under the Scheme, parties appoint an arbitrator to resolve their financial remedies dispute. The scheme covers a wide range of disputes:
The arbitrator will be a specialist in this area who will be available to give case management directions and to hear the arbitration at short notice at a time and venue of the parties’ choosing.
If both parties agree to arbitrate this creates a binding process – one in which, by agreeing to participate, the parties have agreed to accept the arbitrator’s decision. The parties will then simply present the arbitral award – the outcome of the arbitration – to the court as a consent order or the court will enforce the award.
Among the advantages of this approach are speed and flexibility – there is no need for the parties to wait for a court to allocate a hearing date or any uncertainty as to the identity of the tribunal or whether the hearing will be effective. Arbitration can therefore be cheaper and faster than traditional court litigation while still enabling the disputing parties to achieve a final decision.
Arrangements for an arbitration can be made very quickly. For example, if the court has adjourned or vacated a final hearing at short notice, agreeing to arbitration will ensure that all the preparation work and fees already incurred are put to good use.
We are happy to offer a fixed-fee quotation for the arbitration service.
For further information please contact our senior family team clerk, Tony Atkins, on 020-7373-0711 or firstname.lastname@example.org.