NIGERIA Trends and Developments Contributed by: Vincent Owhor, Akinola Samuel Oladimeji and Zaynab Abdussalam, Streamsowers & Köhn
Looking ahead, further legislative and institutional reforms may be necessary to bridge the gap between procedural innovation and practical implementation. By way of example, clearer guidance on opt-in mech- anisms for collective arbitration, default rules for tri- bunal constitution in multiparty settings, and model clauses that anticipate consolidation and joinder could enhance predictability and reduce procedural friction.
The success of collective arbitration in Nigeria will depend not only on statutory provisions but also on how parties draft their arbitration agreements. Greater awareness and adoption of arbitration clauses that expressly contemplate multiparty and multi-contract dynamics will be crucial. Arbitral institutions also have a role to play in developing best practices and proce- dural rules that support efficient and fair resolution of group disputes.
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