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ARTICLE · 27 JUNE 2023

Commentaries On The Key Provisions In The Arbitration And Mediation Act, 2023

Streamsowers & Köhn
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The Arbitration and Mediation Act 2023("the Act") was assented to by the former President of the Federal Republic of Nigeria, President Muhammadu Buhari on 26 May 2023 after several years of review and criticism...

NigeriaLitigation, Mediation & Arbitration
Omono BlessingOmaghomi
Omono BlessingOmaghomi
Paschal Ukah
Paschal Ukah
Akinola Samuel Oladimeji
Akinola Samuel Oladimeji
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Introduction

The Arbitration and Mediation Act 2023("the Act") was assented to by the former President of the Federal Republic of Nigeria, President Muhammadu Buhari on 26 May 2023 after several years of review and criticism of the Arbitration and Conciliation Act, Cap A18, Laws of the Federation of Nigeria 2004 ("ACA").

Overview

The Act which repealed the ACA is primarily focused on providing a unified legal framework for the fair and efficient settlement of commercial disputes by arbitration and mediation. The Act also makes the provisions of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) applicable to any award made in Nigeria or in any contracting state arising out of international commercial arbitration.

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