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LAGOS COURT OF ARBITRATION LAW
ARRANGEMENT OF SECTIONS
(18th May 2009) – Commencement
A LAW TO ESTABLISH THE LAGOS COURT OF ARBITRATION AND FOR CONNECTED PURPOSES.
(1) There is established a body to be known as “The Lagos Court of Arbitration” (referred to in this Law as “the Court of Arbitration”).
(2) The Court of Arbitration shall be private sector driven, independent of regulation, direction or control by any branch of Government.
(3) The Court of Arbitration shall consist of the:
(a) General Meeting;
(b) Board of Directors; and
Membership of the Court of Arbitration shall be open to any person or body corporate of good standing with bonafide interest in Commercial Arbitration or Alternative Dispute Resolution, including but not limited to Lawyers, arbitrators, mediators, experts, academics, businessmen, Law firms, Commercial and trading organizations who have satisfied laid down conditions including payment of an annual subscription to be determined by the Board of Directors from time to time.