[vc_row triangle_shape="no"][vc_column][vc_column_text] [/vc_column_text][vc_column_text]Afe Babalola & Co. represented the Federal Government of Nigeria in the landmark victory won at the world-renowned International Centre for Settlement of Investment Disputes (ICSID) on Tuesday, 6th October 2020. ICSID is an international arbitration institution established by the World Bank in the USA for the resolution of legal disputes and conciliation between international investors.[/vc_column_text][vc_empty_space height="30px"][vc_empty_space height="30px"][vc_column_text]BACKGROUND Two companies – Interocean Oil Development Company and Interocean Oil Exploration Company – instituted an arbitration proceeding against the Federal Government of Nigeria before the ICSID Tribunal, Washington DC, USA chaired by Professor William W. Park. The claim borders largely on the...Continue reading
I appreciate the organisers of this workshop – International Chamber of Commerce Young Arbitrators Forum (ICC YAF) for the opportunity to speak at this workshop. I recognise every other speaker at this workshop and the amount of resource each speaker has offered at today’s workshop.
At the risk of rehashing what has already been said earlier on, permit me to re-introduce the workshop’s theme. The theme of this session is “Growing a budding ADR Practice”. However, the focus of my discussion is as it pertains to “The Role of Mentors and Sponsors in ADR Practice”. This is a very timely discussion as the practice of ADR is becoming a very viable and attractive practice area. This is seeing the influx of a lot of young practitioners into the ADR scene. Practitioners interested in making a successful practice require to have discussions such as the instant one and this avenue is very much appreciated.