Work smarter when doing business in Africa. Explore the latest legal developments and regulations on the continent, country by country.
An effective means of resolving commercial disputes is critical to sustainable growth. We will be focussing on some of the pros and cons and effectiveness of the court system in various African jurisdictions in newsletters later in the year. We will also be looking at the advantages of arbitration and some of the funding options that has levelled the playing field when it comes to disputes between local players and large multinationals. In the meantime, this month's newsletter focuses on dispute news from across the continent.
Addleshaw Goddard is delighted to be a sponsor of this year's EAIAC 2018. The conference will take place on Thursday 30 and Friday 31 August 2018 in Addis Ababa, Ethiopia. This year's theme is 'Re-focusing regional trade, energy and arbitration'.
There is growing cross-border trade in commodities and energy and in regional energy infrastructure development, including cross-border electricity transmission systems and oil pipelines. What does this mean for African international, commercial and investment arbitration? Incredible potential!
Introduction
Though the trend towards third party litigation and arbitration funding is not new, the scope and reach of such practice has markedly increased in recent years. Now a prevalent feature of litigation and arbitration across many jurisdictions globally, third party funding currently plays an important role for parties involved in proceedings. The prevalence of arbitration across Africa coupled with disproportionate costs for access to justice means that there is scope however for funding arrangements to play an important role on the continent. Read Canelle Goldstein's article on current trends here.
If you are interested in discussing funding for disputes please contact Nick Ashcroft.