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Arbitration as an Alternate to Your Property Matter
This week, Director, Beth Agar discusses Arbitration as an alternate to your property matter being determined by a Judge and the benefits of Arbitration.
Arbitration, as defined by the Family Law Act 1975 is a process (other than the judicial process) in which parties to a dispute present arguments and evidence to an Arbitrator, who makes a determination to resolve the dispute.
Arbitration has been available in Australia for many years, however in recent years; there has been a clear trend to the parties selecting Arbitration rather than waiting for the matter to be determined by the Court.
One of the key benefits to Arbitration is the freedom to manage your own process, by selecting the Arbitrator, selecting the dates and venue, such choice is otherwise impossible in the normal Court system.
It is not uncommon for a property matter to be litigated for many years before a final hearing can take place, in comparison Arbitration can happen as quickly as the parties can prepare and allows the family to move on without the stress and ongoing cost of Arbitration.
We have experience representing clients at Arbitration and have seen the benefits first hand of reaching an early determination via Arbitration. If you have any queries about how Arbitration can achieve an early resolution for you, please contact us for more information.
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