Lagos Regional Centre for International Commercial Arbitration

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Contents

[edit] General Information

  • Official name: Lagos Regional Centre for International Commercial Arbitration
  • Country: Nigeria
  • City: Lagos
  • Type of organization: Governmental organization
  • Date of creation: 1989
  • Interests: Arbitration - Conciliation
  • Fields of expertise: International Commercial Disputes

[edit] Description

[edit] Origin

Lagos Regional Centre for International Commercial Arbitration ("The Centre") was established in Lagos - Nigeria in 1989 under the auspices of the Asian African Legal Consultative Organisation (AALCO) by exchange of letters of agreement concluded in 1980 between the AALCO and the Centre's host – the federal government of Nigeria (the host).

The continued operations of the Centre in Nigeria were ratified by treaty executed on 26th April 1999 in form of a Head Quarters Agreement between the AALCO and the host.

In furtherance of the tenants of international law, the domestication of the headquarters agreement cumulated in the codification of the terms therein in a municipal law – the Regional Centre for International Commercial Arbitration “Regional Act No. 39 of 1999 (the Act)”; bringing to completion the legal framework for the existence of the Centre in Nigeria.

[edit] Features

Special features of the Lagos Centre which makes it advantageous for parties to arbitrate under its auspices and Rules include the following:

  • It is a recognized International arbitral institution.
  • It is independent and neutral.
  • It renders assistance in the enforcement of awards made under its Rules.
  • Nigeria having acceded to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, arbitral awards made under the Rules of the Centre are enforceable internationally, in countries, which are parties to the Convention.
  • Foreign lawyers are not prohibited from appearing in arbitration proceedings held under the Rules and auspices of the Centre.
  • Awards made under the Centre's auspices are confidential.

[edit] Domestic Arbitrations

Domestic arbitrations may be referred to and administered by the Centre. Such arbitrations are statutorily governed by the Arbitration and Conciliation ACT CHAPTER A18 LFN 2004 governed by the Arbitration and Conciliation laws of Nigeria.

Domestic Arbitrations are arbitrations between parties who are within the same jurisdiction; both parties being either resident or having their place of business within Nigeria.

[edit] Objectives

  • (a) provide a united legal framework for the fair and efficient settlement, through arbitration and conciliation, of commercial disputes within the region;
  • (b) promote the growth and effective functioning of national arbitration institutions within the region; and
  • (c) promote the wider use and application of the United Nations Commission on International Trade Law Arbitration and conciliation Rules (in this Decree referred to as “the Rules”) within the region.

[edit] Functions

The Functions and Powers of the Center are to:

  • (a) Promote international arbitration and conciliation in the region,
  • (b) Provide arbitration under fair, inexpensive and expeditious procedure in the region;
  • (c) Act as a coordinating agency in the Consultative Organisation dispute resolution system;
  • (d) Coordinate the activities of and assist existing institutions concerned with arbitration, particularly among those in the region;
  • (e) Render assistance in the conduct of ad hoc arbitration proceedings, particularly those held under the Rules;
  • (j) Assist in the enforcement of arbitral awards;
  • (g) Maintain registers of¬:
  • expert witnesses, and
  • suitably qualified persons to act as arbitrators when required; and
  • carry out such other activities and do other such things as are conducive or incidental to its other functions.

[edit] Contact

6th Floor, Marble House. 1, Alfred Rewane Road (Former Kingsway Road) P.O. Box 50565 Falomo-Ikoyi, Lagos – Nigeria

Tel: +234 (1) 2705516, 2703572, 2692834.

Fax: +234 (1) 2713579

Email: info@rcicalagos.org

Official Website

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