Arbitration is an alternative to resolve financial disputes, where parties can appoint an arbitrator to determine the appropriate division of their finances. The outcome is binding between the parties, although it is possible to appeal to the High Court on a point of law. The main advantages of this process are that it is entirely confidential (as opposed to the court process, where members of the press may attend), the parties can select their arbitrator (they cannot select their judge at court), and the parties are not delayed by the heavily-burdened court diary. The parties and arbitrator are able to agree the level of financial disclosure that is required and it is possible to ask the arbitrator to decide a specific point that is in issue and not just the whole outcome.
QEB will also be offering arbitrations in children cases when the new scheme launches in July 2016.
Sir Alan Ward, Sir Hugh Bennett, Sir Paul Coleridge, Stewart Leech QC, Alexander Thorpe, Duncan Brooks, Tristan Harvey, Morgan Sirikanda and Marina Faggionato are all qualified arbitrators.
Arbitrators at QEB are happy to offer a fixed fee service. The cost - including the award writing - for a one file, one day arbitration is:
Stewart Leech QC £6,000 plus VAT
Alexander Thorpe £4,000 plus VAT
Duncan Brooks £4,000 plus VAT
Morgan Sirikanda £3,000 plus VAT
Tristan Harvey £2,500 plus VAT
Marina Faggionato £2,250 plus VAT
For further information please contact Howard Rayner,
Chambers’ Senior Clerk.
Sir Alan Ward
Sir Hugh Bennett
Sir Paul Coleridge
Stewart Leech QC