10 April 2012
Arbitration 'becoming more popular in divorce process'
Wealthy married couples are increasingly opting for arbitration when looking to establish divorce settlements.
That is according to a report published in the Financial Times today (April 10th), which stated that many couples are now more open to the idea of this process as opposed to the traditional method of opposing each other in a court case.
Arbitration is often used in civil and commercial disputes between organisations, but professionals in the legal industry have told the news source this option is now being used more often by individuals with family problems.
For instance, this offers people the chance to discreetly carry out the business of dividing assets instead of their negotiations being made public.
In addition, experts believe couples will also facilitate this avenue during challenges over the ownership of property and regarding who gets custody of any children involved.
Consequently, an increased number of lawyers are choosing to be trained in arbitration, the report added.
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Posted by Francesca Witney