Section 57 Nigerian Arbitration and Mediation Act 2023
Section 57 Arbitration and Mediation Act Section 57 Arbitration and Mediation Act 2023 is about Recognition and enforcement of awards. It is under Part I (Arbitration) of the Act. (1) An arbitral award shall, irrespective of the country or state in which it is made, be recognised as binding, and on application in writing to […]
Section 56 Nigerian Arbitration and Mediation Act 2023
Section 56 Arbitration and Mediation Act Section 56 Arbitration and Mediation Act 2023 is about Award Review Tribunal. It is under Part I (Arbitration) of the Act. (1) Notwithstanding section 55(1) of this Act, the parties may provide in their arbitration agreement that an application to review an arbitral award on any of the grounds […]
Section 55 Nigerian Arbitration and Mediation Act 2023
Section 55 Arbitration and Mediation Act Section 55 Arbitration and Mediation Act 2023 is about Application for setting aside an arbitral award. It is under Part I (Arbitration) of the Act. (1) Recourse to a court against an arbitral award may be made only by an application for setting aside in accordance with subsections (3) […]
Section 54 Nigerian Arbitration and Mediation Act 2023
Section 54 Arbitration and Mediation Act Section 54 Arbitration and Mediation Act 2023 is about Lien on the award. It is under Part I (Arbitration) of the Act. (1) The arbitral tribunal or arbitration institution may refuse to deliver an award to the parties except on full payment of the fees and expenses of the […]
Section 53 Nigerian Arbitration and Mediation Act 2023
Section 53 Arbitration and Mediation Act Section 53 Arbitration and Mediation Act 2023 is about Joint and several liability of the parties for arbitrator’s fees and expenses. It is under Part I (Arbitration) of the Act. (1) The parties are jointly and severally liable to pay the arbitrator such reasonable fees and expenses as are […]
Section 52 Nigerian Arbitration and Mediation Act 2023
Section 52 Arbitration and Mediation Act Section 52 Arbitration and Mediation Act 2023 is about Security for costs. It is under Part I (Arbitration) of the Act. (1) The arbitral tribunal shall have the power, upon the application of a party, to order any claiming or counterclaiming party to provide security for the legal or […]
Section 51 Nigerian Arbitration and Mediation Act 2023
Section 51 Arbitration and Mediation Act Section 51 Arbitration and Mediation Act 2023 is about Deposit of costs. It is under Part I (Arbitration) of the Act. (1) The arbitral tribunal may, on its establishment, request each party to deposit an equal amount as an advance for the costs referred to in section 50 (1) […]
Section 50 Nigerian Arbitration and Mediation Act 2023
Section 50 Arbitration and Mediation Act Section 50 Arbitration and Mediation Act 2023 is about Costs of the arbitration. It is under Part I (Arbitration) of the Act. (1) The arbitral tribunal shall fix costs of arbitration in its award and the term “costs” includes – (a) the fees of the arbitrators;(b) the travel and […]
Section 49 Nigerian Arbitration and Mediation Act 2023
Section 49 Arbitration and Mediation Act Section 49 Arbitration and Mediation Act 2023 is about Correction and interpretation of award and additional award. It is under Part I (Arbitration) of the Act. (1) Unless another period has been agreed upon by the parties, a party may, within 30 days of the receipt of an award […]
Section 48 Nigerian Arbitration and Mediation Act 2023
Section 48 Arbitration and Mediation Act Section 48 Arbitration and Mediation Act 2023 is about Termination of proceedings. It is under Part I (Arbitration) of the Act. (1) The arbitral proceedings shall terminate when the final award is made or when an order of the arbitral tribunal is issued under subsection (2). (2) The arbitral […]