Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
Nigeria

Answer ... Pursuant to Section 26 of the Arbitration and Conciliation Act, an award must comply with the following procedural and substantive requirements:

  • The arbitral award must be in writing and be signed by the arbitrator or arbitrators;
  • Where the arbitral tribunal comprises more than one arbitrator, the signatures of a majority of all members of the arbitral tribunal will suffice if the reason for the absence of any signature is stated;
  • Unless the award is on agreed terms or the parties have agreed that no reasons are to be given, the award must contain the reasons, as well as the place at which and the date on which it was made; and
  • A copy of the award made and signed by the arbitrators must be delivered to each party.

For more information about this answer please contact: Colin Egemonye from Goldsmiths Solicitors
12.2
Must the award be produced within a certain timeframe?
Nigeria

Answer ... There is no specified timeframe within which an award must be produced under the Arbitration and Conciliation Act.

For more information about this answer please contact: Colin Egemonye from Goldsmiths Solicitors
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Topic
International Arbitration