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Law and Practice

For the last three decades, international arbitration in Nigeria has been acknowledged to be an effective instrument of dispute resolution. The choice of arbitration has been strengthened by the combination of the enactment in 1988 of the Arbitration and Conciliation Act (‘ACA’) and commercial activities in terms of international investments in key sectors of the Nigerian economy. Motivated by the lack of an effective and alternative method of resolving commercial disputes, institutions were established to cater to the particular needs of disputing parties and arbitration practitioners. Notable amongst these institutions are the Chartered Institute of Arbitration (UK) Nigeria Branch, the Regional Centre for International Commercial Arbitration, the Chartered Institute of Arbitrators Nigeria, the International Chamber of Commerce (Nigeria Branch) and the Lagos Court of Arbitration.