We are delighted to announce our contribution to Chambers and Partners with an article titled 'Nigeria: Trends & Developments': A Chambers Global Practice Guide on International Arbitration 2023.
This article discusses the trends and developments in the field of arbitration in Nigeria and analyses in detail some of the provisions of the recently passed Arbitration and Mediation Act 2023 (AMA). It also examines some recent arbitration-related decisions from Nigerian courts to see whether those decisions support or stifle the quest to establish Nigeria as a veritable regional arbitration hub and an arbitration-friendly jurisdiction.
This insightful piece was collaboratively authored by our Partners: Olasupo Shasore, SAN, Oyinkansola Badejo-Okusanya, FCIArb, and Associate: Michael Chukwu
Introduction
As a result of the well-documented benefits of arbitration as a mechanism for resolving commercial disputes, we have witnessed the trend of countries actively competing, through legislation and court decisions, to have their jurisdictions perceived as arbitration-friendly. This article discusses the trends and developments in the field of arbitration in Nigeria and analyses in detail some of the provisions of the recently passed Arbitration and Mediation Act 2023 (AMA). It also examines some recent arbitration-related decisions from Nigerian courts to see whether those decisions support or stifle the quest to establish Nigeria as a veritable regional arbitration hub and an arbitration-friendly jurisdiction.
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 NIGERIA Trends & Development In Arbitration 2023.pdf | 829.69 KB |