Breaking News
Translate

Arbitration crucial to economic development – Idigbe

For Nigeria and Africa to achieve meaningful economic development, it is imperative to keep abreast ofcurrent developments and trends in international arbitration. This was the submission of a Senior Advocate of Nigeria, Chief Anthony Idigbe.

The lawyer who is among nine senior legal practitioners nominated to be appointed as Supreme Court Justices, maintained that it was important for the continent to be in tune with international insights in arbitration.

Idigbe – Senior Partner, PUNUKA Attorney and Solicitors, spoke at a media briefing on the forthcoming 2nd ICC Africa Regional Arbitration Conference scheduled to hold from May 14 -16, 2017, at the Eko Hotels and Suites in Lagos.

The conference,  which is aimed at furthering the upsurge in international arbitration, is a collaboration of both the Paris and Nigeria International Chambers of Commerce.

According to Idigbe, the conference is aimed at furthering the upsurge in international arbitration that the African continent is currently experiencing.

He revealed that the target audience of the three- day event that cut across different sectors of the economy are: Arbitrators, Academics, Business professionals, Corporate Counsel, Legal directors, legal practitioners, Magistrates and Mediators. The conference, he added, would feature top class speakers and topical discussions that would provide an excellent opportunity to network and build skills.

“The conference is a must attend for Arbitrators Professionals who want to keep up to date on the latest developments and insights in international arbitration. And it also promises to be a gathering of the world’s most experienced and renowned lawyers and Arbitrators”. Idigbe stated.

While elaborating on the conference theme ‘Arbitration: Catalyst for Economic Growth’, the senior lawyer said: “ICC has three main activities: rule setting, dispute resolution and policy advocacy.

Because its member companies and association are themselves engaged in international business, ICC has unrivaled authority in making rules that govern the conduct of business across borders. Although, these rules are voluntary, they are observed in countless thousands transactions every day and have become part of international trade.

“Currently, 13 ICC commissions comprising experts from the private sector cover specialized fields of immediate concern to international business”.

He also stated that all these activities are in fulfillment of the pledge in ICC’s constitution to further the development of an open world economy with the firm conviction that international commercial exchanges are conducive to both greater global prosperity and peace among nations.

Members of planning committee include: Boma Ozobia (OON), Mrs Doyin Rhodes-Vivour, Mr Chikweendu Madumere, Mrs Funke Adekoya (SAN), Mrs Dorothy Ufot (SAN) and others.

Adding that, ICC Africa Regional conference would also generate conversations around the relationship between inward foreign investment in emerging markets in Africa, the type of disputes which may arise and the African experience in arbitration proceedings. Idigbe stated further that there would be adequate arrangement for interpreters in French and other languages.

 


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.