Arbitration extends to many, although not all, types of family dispute. Financial and property disputes and matters relating to children are among the most common issues that an arbitrator may be asked to deal with following the collapse of a relationship. Certain issues such as bankruptcy, insolvency or recognition of a foreign marriage/divorce are not arbitrable.
In certain types of case, once an agreement is reached, the parties will need to apply to the court for a Consent Order to reflect the award or determination made.
Compared to mediation, arbitration is perhaps closer to traditional court proceedings in the way the process is conducted, although it retains the advantage of being confidential, more flexible and often cheaper. Arbitration also tends to take less time to complete.
If you have any further questions about how these systems work or would like further advice please visit our contact us page.