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Arbitration and Mediation Act, 2023 🇳🇬

Nigeria

Table of Contents

Coat of Arms

Arbitration and Mediation Act, 2023

  • Assented to on 26 May 2023
  • Commenced on 26 May 2023
  • [This is the version of this document from 26 May 2023.]
An Act to repeal the Arbitration and Conciliation Act, Cap. A18, Laws of the Federation of Nigeria, 2004 and enact the Arbitration and Mediation Act, 2023 to provide a unified legal framework for the fair and efficient settlement of commercial disputes through arbitration and mediation, make applicable the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention) to any award made in Nigeria or in any contracting state arising out of international commercial arbitration.

1. Objectives and application

(1)The objective of this Part is to promote fair resolution of disputes by an impartial tribunal without unnecessary delay or expense.
(2)Parties to a dispute are at liberty to decide the means by which their disputes may be resolved, provided they adhere to measures that are necessary to promote peaceful existen…

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