Over the years parties involved in international commercial relationships resort to arbitration. The arbitration here is called international arbitration as it usually involve parties from different sovereign countries. Such parties may be states; it may be that where neither party is a state or that where one party is a state. These parties normally appoint an impartial and neutral arbitrator, competent to make an award.http://gistareaventures.com
The international arbitration comes to an end when an award is made, but the case has usually been that in most cases the award is carried out willingly by the losing party while in other cases the unfavoured party is unwilling to implement the award. When this happens, the question of recognition and enforcement comes up.
Prior to the establishment of different enforcement mechanisms of international arbitration awards in Nigeria and other countries, the recurrent decimal was the invalidity and ineffectiveness of such awards. International arbitration has been precarious just like litigation as there have been clogs in the wheel of its effective operations. This has been so as the parties usually go home dissatisfied by not obtaining substantial justice. This has for years led to setbacks in international commerce and worked untold hardship on the parties involved. As a result of the ugly situations faced by parties of international arbitration, people started declining interest in it.
The position of things as painted above has for long changed. Those who still entertain some iota of fear in international arbitration do so principally as a result of their ignorance of the present legal regime on international arbitration in Nigeria.
has a lot of legal backups and instruments that make the recognition and
enforcement of international arbitration easy. Some of them include: Arbitration
And conciliation Act, the UNCITRAL Model law, the Regional center for International
Arbitration Decree, convention on the recognition and Enforcement of awards,
(NYC), 1958, ICSID convention, 1965, MIGA convention, 1985, etc. With these
and foreigners embarking on International Arbitration are safe.
 See Blake’s case (1606) 6 Co.Rep, 426;Queen V. Blakemore (1850) 14 Q.B 544; Queen V. Harday (1850 14 Q.B 529
 See Agu V. Ikewibe (1990) 3 NWLR (pt 180 385; Bergessen V. Joseph Muller Corp 710 .2d 928 (1983);MISR V. Oyedele (1966) 2 All NLR 249.