Improving Access To Justice For Corporates Under The New Arbitration Regime In Nigeria: Is Third Party Funding The Game Changer?

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Introduction: -

On the 10th of May 2022, the arbitration community in Nigeria awoke to the cheering news that the Senate of the Federal Republic of Nigeria had passed the Arbitration and Mediation Bill 2022, after a 16-year struggle to have a reformed arbitration legislation tailored to meet the need of users, especially the corporates. Although the Bill still needs to be assented to by the President of the Federal Republic of Nigeria to become Law, the arbitration community is right to commemorate the feat of its passage.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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