The Legal Appraisal of Issues Arising from the Recognition and Enforcement of Arbitral Awards.

Abstract

As important as the processes of arbitration is, the outcome is what every party looks forward to. The conclusion reached is what all interested parties to the matter are willing to have, understand, keep and also remember for as long as the relationship exist. Information relating the outcome of an arbitration process is a major tool and an excellent resource material. It can become an important rudder that guides future deliberations, relationships or interactions. At times, the outcomes of arbitration are instruments that maintain, protect and control relationships along family lines, community linkages, national/international cooperation and trade links. It also helps maintain inter -tribal relationships. In line with the aforementioned, there is therefore a need to validate and make permanent the outcome of arbitration.

Keywords: Legal Appraisal; Arbitration; Arbitral Awards; Recognition and Enforcement of Arbitral Awards.

JEL Classification: K49