Regional Centre For International Commercial Arbitration Act

ARRANGEMENT OF SECTIONS

PART I

Establishment, etc., of the Regional Centre for International Commercial Arbitration

SECTION

1. Establ ishment of the Regional Centre. 2. Management of the Centre.

PART II

Objectives and functions of the Centre

1. Objectives of the Centre.
2. Functions and powers of the Centre.

PART III

Staff of the Centre

1. Director of the Centre.
2. Other staff of the Centre.

PART IV

Financial provisions

1. Fund of the Centre.
2. Expenditure of the Centre.
3. Power to accept gifts.
4. Annual estimates, account and audit.
   I I. Annual report.
5. Power to borrow.
6. Exemption from tax.
7. Exemption from customs duties, etc.

PART V

Miscellaneous provisions

1. Entry into Nigeria of employees, etc., of the Centre.
2. Premises and offices.
3. Seal of the Centre.
4. Rules.
5. Interpretation.
6. Short title.

An Act to establish the Regional Centre for International Commercial Arbitration
within the Asian-African region.

[1999 No. 39.J

[10th May, 1999]

[Commencement. ]

WHEREAS the Asian-African Legal Consultative Committee had decided on 23rd of
January 1978, during its Nineteenth Session held in Doha, (Qatar), to establish a Regional
Centre for International Commercial Arbitration in Nigeria in co-operation with, and with
the assistance of, the Federal Government of Nigeria;

AND WHEREAS the Federal Government had in 1988 approved the establishment of the
Regional Centre for International Commercial Arbitration in Nigeria under the auspices
of the Asian-African Legal Consultative Committee;

AND WHEREAS it is desirable to make statutory provisions in Nigeria to give the Re-
gional Centre for International Commercial Arbitration legal status and recognition:

PART I

Establishment, etc., of the Regional Centre for International
Commercial Arbitration

1. Establishment of the Centre

2. Management of the Centre

The Centre shall be under the management of the Asian-African Legal Consultative
Committee (in this Act referred to as the “Consultative Committee”) on such terms and
conditions as may be agreed on between the Consultative Committee and the Federal
Government in the headquarters agreement.