Stay of proceedings pending arbitration: A legal critique
It has now become commercially trendy in Nigeria for parties to an agreement to comfortably include clauses in their contracts, for the determination of any disputes emanating from the contract by arbitration
Review of problems with enforcing international arbitral awards in Nigeria
Arbitration is the most common and most preferred means of resolving international commercial disputes. The benefits of arbitration include relative speed, privacy, and party autonomy in selection of their umpire. The beneficiary of an Arbitration Award expects that it should be complied with; in the event that it is not, there is resort to the…
Olawuyi seeks national policy on arbitration
The Deputy Vice-Chancellor, Academic, Research, Innovation and Strategic Partnerships (ARISP), Afe Babalola University, Ado Ekiti, Prof. Damilola Olawuyi, has called on stakeholders in the justice sector to urgently develop a national policy that would maximise the full value of the practice of arbitration in the country. Olawuyi, a professor of law and Vice-Chair of the International Law…
Imperative of national policy on arbitration in Nigeria
Nigeria generates a significant volume of commercial transactions, both domestic and international with about 80 percent of these transactions originating and or terminating in the country, especially Lagos, Port Harcourt, Kano and others.
CIArb moves to advance arbitration
The Chartered Institute of Arbitrators Nigeria Branch (CIArb) has sought ways to identify challenges and proffer solutions to the advancement of arbitration in Africa.
Construction arbitration and infrastructure development: Role of quantity surveyors
Construction is very expensive business. BusinessNews, an online publication, estimated in its 2015 report that construction projects worth N700 billion would be delivered by 2018. Some of these projects include the Nestoil Towers, Civic Towers and the British America Tobacco (BAT) building- mostly commercial office space on Lagos Island which have been indeed delivered. In…
Lawyer harps on importance of arbitration in resolving energy disputes
An associate counsel at the law firm of Wole Olanipekun & Co., Omolade Adeyemi has emphasized on the importance of arbitration, which serves as a dispute resolution mechanism in energy sector. According to her, a dispute that is arbitrable or not must be determined. She said one of the things to determine is whether…