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Modernising arbitration in Nigeria—the Federal Arbitration and Conciliation Bill 2017

Modernising arbitration in Nigeria—the Federal Arbitration and Conciliation Bill 2017
Published on: 14 June 2018
Published by: LexisPSL
  • Modernising arbitration in Nigeria—the Federal Arbitration and Conciliation Bill 2017
  • What is the current status of the proposed amendments to Nigeria’s arbitration legislation?
  • What is the background to and impetus for reform?
  • What are the proposed changes?
  • In terms of third party funding, do the draft amendments go into any further detail?
  • Are the changes likely to be approved and, if so, when?
  • What are the potential implications for Nigeria as a seat of arbitration?
  • Do you think Nigeria still has work to do to improve its attractiveness as a seat of arbitration?
  • What do you think of the status of arbitration in Africa currently?

Article summary

Arbitration analysis: Nigeria’s Federal Arbitration and Conciliation Bill 2017 is expected to be passed into law by the end of the year and will introduce a range of reforms designed to ensure the country’s arbitration framework keeps pace with international best practice. Dr Adewale Olawoyin, SAN, managing partner at Olawoyin & Olawoyin in Lagos, outlines the key changes and explains why the reforms are an important step in raising Nigeria’s profile as a preferred seat of international commercial arbitration. or take a trial to read the full analysis.

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