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Laws of the Federation Preview 15 min read

International Centre For Settlement of Investment Disputes (Enforcement of Awards) Act

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ARRANGEMENT OF SECTIONS

SECTIONS

1.            Award of I.C.S.I. disputes to have effect as in the final judgment of Supreme Court.

2.            Short title.

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INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT

DISPUTES (ENFORCEMENT OF AWARDS) ACT

An  Act  to  provide  for  the  enforcement  in  Nigeria  of  an  award  by  the  International   Centre      for  Settlement  of  Investment  Disputes.

[1967 No. 49.]

                                                                                                                  [29th November, 1967]

[Commencement.]

1. Award of I.C.S.I. disputes to have effect as award in final judgment of Supreme Court

(1) Where for any reason it is necessary or expedient to enforce in Nigeria an award made by the International Centre for Settlement of Investment Disputes, a copy of the award duly certified by the Secretary-General of the Centre aforesaid, if filed in the Supreme Court by the party seeking its recognition for enforcement in Nigeria, shall for all purposes have effect as if it were an award contained in a final judgment of the Supreme Court, and the award shall be enforceable accordingly.
(2) The Chief Justice of Nigeria may make rules of court or may adapt any rule of court necessary to give effect to this section.

2. Short title

This Act may be cited as the International Centre for Settlement of Investment Disputes (Enforcement of Awards) Act.

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INTERNATIONAL CENTRE FOR SETTLEMENT OF  INVESTMENT

DISPUTES (ENFORCEMENT O

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