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Is arbitration right for you?
Arbitration is an option for couples who are not able to come to an agreement and need a decision to be made – but who wish to avoid the Court process. Your solicitor will discuss whether arbitration is a good option in your individual case.
It is not a soft option. The arbitrator will make the award they consider fair and reasonable in the absence of agreement.
Nevertheless, arbitration has certain advantages over the traditional route of court processes.
Speed
Subject to availability of all parties involved, the timetable is up to you to agree. This is in contrast to the court process where the timetable is dictated by the busy Courts and can take significantly longer.
Flexibility
A key advantage is that the parties involved agree exactly what needs to be resolved and therefore define the scope of the arbitration themselves. It could be for example, that all differences need to be resolved, or arbitration could be limited to one or two specific issues.
This tailored approach enables the process to advance in a focused manner and allows for flexibility, including as to the time and place of hearings.
Cost
Although the parties involved will need to pay the costs of the arbitrator, there is the prospect that the process will be considerably cheaper than the traditional, more formal route through the Courts. This is due to the speed and flexibility with which the case can be handled and the accessibility of the arbitrator.
Choice of arbitrator
Alongside your solicitor, you are able to choose the arbitrator that you want to take you through this process. This allows you to choose real specialists with relevant experience. This same arbitrator will deal with all stages of your case from start to finish.
Confidentiality
The arbitration procedure is entirely confidential, which can be an important consideration for some people at this difficult time.
Why choose Napthens?
- Approachable and empathetic
- Experienced and specialist lawyers
- Offices in Lancashire, Cumbria, Southport and Merseyside