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ARTICLE · 11 OCTOBER 2022

Spotlight On Planned Reforms To Nigerian Law On Arbitration And Mediation

Mayer Brown
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Recent months have seen the culmination of the development and passage through the Nigerian legislature of a new law directed at revamping the legal framework for international commercial...

NigeriaLitigation, Mediation & Arbitration
Kwadwo Sarkodie
Kwadwo Sarkodie
Luiz Aboim
Luiz Aboim
Lisa Dubot
Lisa Dubot
Jawad Ahmad
Jawad Ahmad
Chloe McIntosh
Chloe McIntosh
Kiran Giblin
Kiran Giblin
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Recent months have seen the culmination of the development and passage through the Nigerian legislature of a new law directed at revamping the legal framework for international commercial arbitration in Nigeria. On 10 May 2022, the Nigerian Senate passed the Arbitration and Mediation Bill 2022 (the "Bill"). The Bill will repeal the Arbitration and Conciliation Act 1988 (the "1988 Act") and enact the Arbitration and Mediation Act in its place. One final step remains for the Bill to come into force. That is the assent of the President of the Federal Republic of Nigeria, and this is expected imminently.

Ahead of the Bill coming into force, in this Legal Update we summarise the background to, and aims of, the Bill and outline its key innovations and highlights. While this Legal Update mainly focuses on arbitration, it also touches on mediation.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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