There is currently a bill before the National Assembly for the amendment of the Arbitration and Conciliation Act (ACA) 1988. The Arbitration and Conciliation Act (Repeal and Re-enactment) Bill (The Bill) has successfully passed through the Senate and awaits the concurrence of the House of Representatives and the assent of the President to become law. […]
The maxim, “Once on Demurrage, always on Demurrage” is with respect to the subject matter of a Charterparty. There are different types of charterparties namely; bareboat/demise, time and voyage. This article will focus on time and voyage charter parties. In a time or voyage charter party, the charterer hires the vessel for a specific time […]
The role small and medium enterprises play in the development of a country is very important. SMEs contribute to the development of Nigeria in terms of employment, growth and development, and marketing of goods and services. The Nigerian Government is turning its attention more than ever to small and medium scale industries and entrepreneurs as […]
Arbitration in Nigeria continues to experience an upward spiral as an effective dispute resolution mechanism adopted by parties engaged in contemporary commerce. Presently, there is a widespread practice of embedding arbitration agreements in the commercial transactions flowing from various areas of the economy, particularly the energy and maritime sectors. Interestingly, there also appears to be […]
The ECOWAS Court was established as a sub-regional international Court in 2001 pursuant to Articles 6 and 15 of the Economic Community of West African State (ECOWAS) Revised Treaty, (subsequently referred to as ECOWAS Revised Treaty). Pursuant to the provisions of Article 10 of the Supplementary Protocol of the ECOWAS Court adopted in January 2005 […]
At the recently concluded Business Recovery and Insolvency Practioners Association of Nigeria (BRIPAN) International Conference themed, “Driving Business Rescue in the Shadow of the Law”, which was well organized, well attended and very enlightening, several salient issues were raised in the discussions by speakers and discussants alike. In all, insolvency practice in Nigeria needs to […]
