TITLE OF THE ARTICLE: Recognition and Enforcement of Foreign Arbitral Award in Nigeria: Challenges and Prospects
AUTHOR:
Izuoma Egeruoh-Adindu, Research Fellow, Nigerian Institute of Advanced Legal Studies, Supreme Court Complex Three Arms Zone, Abuja, LL.B,B.L,LL.M, PhD Scholar University of Jos Nigeria, izuegeruoh@ymail.com
ABSTRACT
Arbitration remains the best choice for parties to a dispute who wishes to avoid the rigorous process associated with litigation especially foreign investors. However where the unsuccessful party to the dispute complies with the terms of the award, recognition and enforcement of arbitral award does not arise. However, where the unsuccessful party as it is usually applies especially in most foreign arbitral awards, fails to comply with the terms of the award, then there will be need for recognition and enforcement of the arbitral award by the successful party. This paper examines the challenges in respect of recognising and enforcing foreign arbitral award and proffer solutions to the challenges.