Issues and Perspectives in the Recognition and Enforcement of International Arbitral Awards in Nigeria
Article from: TDM 5 (2006), in Corruption and Arbitration
Awards are to arbitral tribunals what judgments are to courts. The main aim of parties submitting their disputes under or by virtue of any arbitration agreement is to have their respective rights and obligations vis a vis each other determined. A party against whom an award is rendered may voluntarily decide to comply with the terms of the award, in which case, there would be no need for invoking the coercive judicial machinery of the national courts. But where the losing party neglects or refuses to comply with the terms of the award, and barring any application to set ...