ESQ Legal Practice Magazine JUNE 2014 EDITION | Page 42

sub-Saharan African jurisdictions. Lagos State recently enacted a new Arbitration Law which is modelled along the UNCITRAL Model Arbitration Law. It incorporates features of the recent improvements in the UNCITRAL model law itself, including those innovations in the Model law which take account of developments in Information and Communication Technology (ICT) and the impact that these have had on the ways in which modern business is conducted. There are also provisions which allow arbitrators to grant emergency interim relief. It also incorporates the very essential twin pillars of “judicial assistance” and “limited court intervention”. Ghana and Rwanda have also recently enacted modern arbitration legislation based on the UNICTRAL model law. The second factor will be the proliferation of African arbitration institutions. In Lagos, for example, we had been more familiar with the Nigeria branch of the UK's Chartered Institute of Arbitrators as well as the Regional Centre for International Commercial Arbitration Lagos, set up under the auspices of the Asian-African Legal Consultative Organisation (AALCO). Today there are a number of other arbitration institutions sharing the institutional arbitration space, such as the Lagos Court of Arbitration, and even some with specialist focus like the Maritime Arbitrators Association of Nigeria (MAAN). Elsewhere in Africa, you have the Kigali International Arbitration Centre (KIAC), the Ghana Arbitration Centre (GAC) and the LCIA-MIAC, which is the product of an agreement between the Government of Mauritius, the Mauritius International Arbitration Centre Limited and the London Court of International Arbitration (LCIA), just to name a few. A third trend is the growing awareness among stakeholders – lawyers, Judges and business organisations - about the important role that arbitration plays in commercial dispute resolution and legal risk management. You see it reflected in the growing practice of establishing court annexed ADR facilities which also offer arbitration 42 I EsQ legal practice www.esqlaw.net