A recent court decision highlights arbitration awards on divorce related financial disputes as final and binding
The recent case proceedings bring to light the binding nature of arbitration awards. In most cases courts will not intervene.
A recent case in the family law courts, reference: R v K [2020] EWHC 841 (Fam), has underlined the final and binding nature of arbitration awards as a form of dispute resolution.
Husband and wife had separated in 2018 after 13 years and had one child together. They had signed an arbitration agreement.
Subsequently, the arbitrator’s decision was contested by the husband, who sought permission to contest the arbitration award.
However, the judge sitting on the case decided the arbitrator’s decision was not wrong, being a fair allocation of assets and approved the order attached to the award. The decision upholds the binding nature of arbitration awards: it is only in exceptional cases that a court will give permission to appeal or override an arbitration award.
You can read a full summary of the case here at this link through ClassLegal.com.