The value of a family business or business interest is treated as an asset and therefore part of the matrimonial pot to be distributed when it comes to negotiating a financial settlement on divorce or...
The report, covering the third quarter of 2014 (July to September), reveals that the use of mediation has fallen since the implementation of LASPO in April 2013 with the volume of family mediation starts and assessments still down on pre-LASPO levels. However, figures reveal that in the last year there has been an increase, with a 20 per cent rise in the latest quarter compared to the same period in 2013.
Marc Lopatin, founder of divorce and separation service Dialogue First, said:
'When LASPO was enacted Ministers claimed publicly funded mediation would double in number. Instead it has been halved. Another reminder – if it was needed at all – that policy needs to incentivise lawyers to be enthusiastic advisers in support of mediation.'
According to the figures, there were 300 applications for exceptional case funding (ECF) received between July and September 2014. This is an 11 per cent increase from the previous quarter but a 36% reduction compared with the same period during 2013.
This period saw a total of 130 Family applications with only 5 of these being granted. A further 92 were refused and 31 were rejected.