A financial remedy order helps divorcing couples obtain certainty in court with financial matters when separating if they have been unable to resolve things during mediation.
A financial remedy order can include any financial asset and how this is shared between the separating couple. Often, a financial remedy order deals with lump sum payments, pension share allocation, property division, and regular payments for childcare and other needs.
In January 2022, new guidelines were published about dealing with Financial Remedies Hearings. Practitioners are fully abreast of these developments but as an applicant or respondent in such an application, you should be aware of these changes. There is an emphasis on collaboration and negotiation throughout the proceedings and jointly submitting information in a timely fashion.
A statement on the Efficient Conduct of Financial Remedy Hearings is required, which means having: