Family Financial Arbitration: A Short Guide
Family Financial Arbitration: A Short Guide by Gavin Smith barrister, arbitrator and private FDR evaluator at 1 Hare Court.
Financial arbitration has become an increasingly attractive choice for parties who have been unable to
reach a negotiated settlement of their case.
As well as discussing the merits of arbitration and providing an overview of the IFLA scheme, this short
guide, written by an experienced arbitrator, offers practical guidance on the process and management
of a financial arbitration: from the initial consideration of arbitration as an option, through choosing the
arbitrator, completing the Form ARB1FS and preparing for the arbitration, to the hearing itself and
subsequent implementation of, or challenge to, the arbitrator’s award.
Page Count: 32
The IFLA schemeJudicial support for family arbitration
Benefits and drawbacks of financial arbitration
Scope of the IFLA financial scheme
Is the dispute suitable for arbitration?
The decision to opt for arbitration
Form ARB1FS (application for financial arbitration)
Choice and appointment of arbitrator
Commencement of the arbitration
What procedure to adopt?
The role of the court
Implementation of the award: consent
Challenges to awards