Section 60 Arbitration and Mediation Act

Section 60 Arbitration and Mediation Act 2023 is about Application of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. It is under Part I (Arbitration) of the Act.

Without prejudice to sections 57 and 58 of this Act, where the recognition and enforcement of any award made in an arbitration in a Country other than Nigeria is sought, the New York Convention on the Recognition and Enforcement of Foreign Awards set out in the Second Schedule to this Act applies to an award, provided that the –

(a) country is a party to the New York Convention; and
(b) differences arise out of a legal relationship, whether contractual or not, considered commercial under the laws of Nigeria.