Increasingly parties resort to alternative forms of dispute resolution including arbitration and conciliation. We advise and represent clients in domestic and international arbitration of all kinds. The firm has significant experience in alternative dispute resolution and its applicability to the litigation process. Two of our partners are experienced arbitrators with diverse international arbitration practice experience
Arbitration can be either voluntary or mandatory (although mandatory arbitration can only come from a statute or from a contract that is voluntarily entered into, in which the parties agree to hold all existing or future disputes to arbitration, without necessarily knowing, specifically, what disputes will ever occur) and can be either binding or non-binding.
Non-binding arbitration is similar to mediation in that a decision cannot be imposed on the parties. However, the principal distinction is that whereas a mediator will try to help the parties find a middle ground on which to compromise, the (non-binding) arbitrator remains totally removed from the settlement process and will only give a determination of liability and, if appropriate, an indication of the quantum of damages payable. By one definition arbitration is binding and non-binding arbitration is therefore technically not arbitration.
Arbitration is a proceeding in which a dispute is resolved by an impartial adjudicator whose decision the parties to the dispute have agreed, or legislation has decreed, will be final and binding. There are limited rights of review and appeal of arbitration awards.
Our Other Practice Areas
· Banking and Corporate Finance
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1 Eunibrown House (4th Floor),
195 Ikorodu Road, By Total Filling Station,
Palmgrove, Lagos, Nigeria
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0803 307 1505
0812 130 2388
