Association wants confidence in maritime arbitration to resolve disputes


Osuala Nwagbara, Honourary Secretary MAAN

 The Maritime Arbitrators Association of Nigeria (MAAN), on Wednesday, stressed the need to strengthen confidence in maritime arbitration as a way of resolving disputes in the sector.

The Honourary Secretary of the association, Mr Osuala Nwagbara, said this in an interview with the News Agency of Nigeria (NAN) in Lagos.
According to him, maritime arbitration is cost-effective, time-saving and more confidential.
Nwagbara said the association's 2015 conference would be looking at the challenges facing the sector with a view to proffering solutions.
``One of the issues we are looking at this year is what we call ‘Anti-suit injunction’ and related issues how they also impact on arbitration.
``If we agreed between us as business people to have our dispute resolved by arbitration, would it be right for one of the parties to go to court to institute an action?
``Apart from raising objection in the court, what other way can you stop such a party from taking a dispute that would normally be resolved though the maritime arbitration window to the conventional courts.
``These are some of the issues that we are going to look at.
Nwagbara said that the conference would also use a ``mood and mock trial system’’ to practically demonstrate how maritime arbitration functioned.
He said the practical session would help participants to a have better understanding of how arbitration functioned in real life issues.
Nwagbara said that the conference would also look at some other aspects of maritime law to enable maritime arbitrators to have a better insight on their application.
According to him, the practical demonstration will also assist other professionals who are involved in maritime arbitration on how to resolve disputes.
The conference holds May 20 and 21 in Lagos.