President's confirmation that the Financial Remedies Courts are formally part of the Family Court as pilot project comes to an end
On 24 February 2021, the President of the Family Division issued an announcement confirming the completion of the pilot project for the Financial Remedies Court ("FRCs") and confirmed that they are now formally part of the Family Court.
The FRCs will deal with all financial remedy applications, including those under Schedule 1 to the Children Act 1989 and Part III of the Matrimonial and Family Proceedings Act 1984, as well as all related enforcement applications. McFarlane P hopes that in due course legislation will be made that permits FRCs to hear applications under the Trusts of Land and Appointment of Trustees Act 1996 and the Inheritance (Provision for Family Dependants) Act 1975.
Mr Justice Mostyn and HHJ Hess have published a Note for all financial remedies practitioners addressing procedure and significant changes to way in which applications to the FRCs should be brought.