Tag: Commercial Disputes
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THE BINDING NATURE OF ARBITRATION AGREEMENTS IN CONTRACTS: AN OVERVIEW OF STABILINI VISINONI LTD. V. MALLINSON & PARTNERS LTD. (2014) 12 NWLR (PT. 1420) 134
INTRODUCTION: Arbitration is a form of alternative dispute resolution (ADR) in which parties in a dispute agree to have their cases heard and decided by a neutral third party, known as an arbitrator, rather than going to court. This process is consensual, private, and typically less formal than litigation. The arbitrator’s decision, known as an…