- 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?
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.
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