The Regional Centre for International Commercial Arbitration – Lagos (“The Centre”) was established in Lagos – Nigeria in 1989 under the auspices of the Asian African Legal Consultative Organisation (AALCO) by exchange of letters of agreement concluded in 1980 between the AALCO and the Centre’s host – the federal government of Nigeria (the host).
The facilities for arbitration under the auspices of the Lagos Center can be availed of by the parties who may request for it, whether government, individuals or bodies corporate, provided the dispute is of an international character, that is to say, the parties belong to or are resident in two different jurisdictions, or the dispute involves international commercial interests. The Centre has an autonomous international character and its seat is in Lagos. The Chief Executive is the Director. The Centre enjoys all the privileges accorded to other international organizations in accordance with International Law.
The Centre has arrangements with certain institutions such as the World Bank’s International Centre for settlement of Investment Disputes under which arbitration proceedings under the auspices of such institutions can be held at the seat of the Centre. The cost of arbitration including the registration fee, the fees of arbitrators as also the expenses reasonably incurred by the Centre in connection with the arbitration as well as its administrative charges would be borne by the parties having regard to the nonprofit making character of the Centre.
- Commercial transactions
- Cooperation agreements
- Provision of facilities for arbitration and other Alternative Dispute Resolution (ADR) methods.
2A Ozumba Mbadiwe Avenue,
Victoria-Island,
P.O. Box 50565, Falomo,
Ikoyi,
Lagos, Nigeria.