Sir Hugh Bennett assesses the progress of the family law finance arbitration scheme.
In 2012, the Institute of Family Law Arbitrators (IFLA), a company limited by guarantee, was set up with a board of directors chaired by former Lord Chancellor Lord Falconer of Thoroton. It is responsible for the implementation and administration of the family law finance arbitration scheme. The qualified arbitrators, now numbering 130 with more to come, have all been trained in arbitral techniques and have a good working knowledge of the Arbitration Act 1996 (AA 1986). Each must become a member of the Chartered Institute of Arbitrators and is subject to its disciplinary code. Solicitors, barristers, QCs and retired judges, all of whom are, or were, full-time practicing family lawyers, comprise the corps of arbitrators under the scheme. They are therefore real specialists in the field of family finance law.