The workshop
which dwelt on “The role of Judges in the ADR Process,” the training focused on
the invaluable benefits of commercial arbitration and mediation in dispute
resolution as opposed to litigation which is the commonly used method in the
country.
President of
the LCA, Mr. Babajide Ogundipe, noted there is a strong need to promote
arbitration in Nigeria given the current situation the Court find itself and the
number of years it takes to conclude cases in Nigerian Courts.
Ogundipe also
said that LCA is committed to support and promote alternative dispute
resolution through the use of the Lagos Court of Arbitration by aggrieved
parties.
“The LCA
fuels faster resolution of disputes, minimizes to the highest level the amount
of time spent on ensuring dispute resolution and that all concerned parties are
satisfied with the judgment by the panel of arbitrators,” Ogundipe said.
Mr. Charles
Nairac of White and Case, in his contribution, expressed confidence with LAC and
its objectives in fast-tracking the judicial dispensation, mostly in the
commercial centre of Nigeria, Lagos.
“I am very impressed with the Lagos
Arbitration Law and optimistic about the future of the LCA. It is encouraging
to see such enthusiasm from the Judiciary in supporting arbitration and their
passionate debates surrounding it,” he said.
Participants at the training were in tandem that the
judiciary had been over flooded over the years with lots of cases that
ordinarily should have been referred to arbitration, but the ignorance of its
existence and absence of competent institutions by stakeholders led to the current
situation facing the Justice system where cases can drag on for up to 10 years.
One of the
participants was reported as declaring excitement over the steps taken so far
by the Lagos Court of Arbitration, saying that the Law is now being practiced
even though it has been in existence for a while.
“With the
LCA, I am certain that all Nigerians, including corporate organizations and
multinationals will begin to experience speedy resolution in disputes when
using its services. I urge everyone to use alternative dispute resolution in
reaching settlements for commercial disputes,” a participant said.
DigitalSENSEBusiness News recollects that LCA’s main focus is to promote the use of
arbitration and other alternative dispute resolution mechanisms and in recent
times concluded series of trainings in Lagos for members of the Nigeria Bar Association
(NBA), the Lagos Chamber of Commerce and Industry (LACIMI) and the Ministry of
Justice (MoJ).
The latest workshop
sessions were led by Fellows at the Chartered institute of Arbitrators, Board
Members of the LCA and White and Case as well as the International Senior
Lawyers Project.
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