The COVID-19 pandemic has posed financial challenges to a lot of companies, and they will be experiencing an increased number of commercial disputes, unfortunately, at the same time, they are under pressure to reduce their cost of resolving commercial conflicts. This difficulty calls for arbitrators and ADR practitioners to come together to support businesses and stimulate economic activity by providing their services to companies at a significantly reduced cost, particularly those that are adversely affected by the COVID-19 pandemic.
The Covid-19 ADR Initiative (CADRI) is a platform where businesses that have experienced commercial disputes as a result of the COVID-19 pandemic can access ADR and arbitration services at a discounted rate. The scheme also provides a platform for cases that are already in court or would have commenced in court, but the parties choose to refer the matter to the CADRI scheme for expeditious resolution given that the court facility has been severely hampered by the pandemic
LACIAC implements the CADRI scheme as a CADRI collaborating institution.
click here www.cadri.org.ng for more information on CADRI.