Some Fundamental Concerns and Issues About International Arbitration in Africa

Released on by Amazu A. Asouzu
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  • Some Fundamental Concerns and Issues About International Arbitration in Africa Book Detail

  • Author : Amazu A. Asouzu
  • Release Date : 2013
  • Publisher :
  • Genre :
  • Pages : 18
  • ISBN 13 :
  • File Size : 71,71 MB
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Some Fundamental Concerns and Issues About International Arbitration in Africa by Amazu A. Asouzu PDF Summary

Book Description: At this moment, developing countries still have justified reservations about the international arbitral process. However, in the contemporary international economic order, this process has become both inevitable and indispensable. Fortunately, there is a rapid change occurring in Africa: the importance of arbitration is being recognized and basic structures for arbitration are being established. This article emphasizes the role of the Asian-African Legal Consultative Organization (AALCO) dispute resolution scheme and its Regional Centres in this evolution. The AALCO dispute resolution scheme wants to correct the perceived imbalance in the existing international arbitral order and to develop the arbitral and ADR processes in the developing countries. It aims at creating stability and confidence in commercial relations by providing adequate means for resolving commercial disputes under a fair, relatively inexpensive and speedy procedure. The role of the Regional Centres is to reduce the need to arbitrate in far off venues. They promote the use of commercial arbitration and conciliation, render advice and assistance on dispute resolution matters and promote a wider use and application of the UNCITRAL Arbitration and Conciliation Rules.

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