International Commercial/Investment Arbitration
There are various ways of dispute resolution in Nigeria. These methods are known to be practised globally. The most populous among them is litigation, but it is pertinent to know that there are other methods in which disputes can be settled without necessarily going through the rigors and heartbreaks of litigation. These other methods are known as Alternative Dispute Resolution.
Disputes are generally an inevitable part of human interaction; they may be domestic, international, civil, commercial or economic in nature. Litigation has been the traditional method of resolving dispute which may arise as a result of an action of a party most times unintended.
Litigation being one of the oldest means of settling disputes among parties in the world. It is a term used to describe proceedings initiated between two opposing parties to enforce or defend a legal right. It is typically settled by agreement between parties but may also be heard and determined by a judge.
Arbitration has been used as a form of dispute resolution in Nigeria since the early 20th century. Use of commercial arbitration has increased as commercial transactions become more complex and sophisticated, and business seek to use the advantages of commercial arbitration.
Commercial arbitration is very often used in international and domestic commercial disputes relating to oil and gas, construction, infrastructure projects, telecoms, trade, shipping, agency, distribution and franchise agreements. There has been very little formal arbitration relating to the financial sector in Nigeria.
As a firm the interest of our client is paramount to us and we put in our best to ensure that our client is satisfied at the end of the day. In settling disputes, we try as much as possible to seek redress of our clients by other means of dispute resolution like Arbitration, Negotiation, Mediation, Conciliation and Adjudication. Our last resort is Litigation where other means has failed (i.e. if it is not a situation that demands an urgent intervention of a court in preserving the res, etc.). We look at the best option for our client depending on the circumstances and uniqueness of each case.
We have dispute resolution experts with huge experiences which handle litigation, arbitration, regulatory and mediation matters. We have broad experience in corporate risk management, advising senior level board members and executives of substantial corporates and banks. We have experienced lawyers that represents our clients effectively in the most difficult and sophisticated matters.
As a firm, the best interest of our client is paramount to us and we painstakingly consider and analyze all avenues of dispute resolution available and advise clients on choosing the method most appropriate to them and to a particular matter. Our main priority is to resolve disputes quickly and effectively with as little disruption to business as possible.