FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF USD INTO DOMICILLIARY ACCOUNT THROUGH CITIBANK NEW YORK:

CORRESPONDENT BANK:            CITIBANK, NEW YORK

SWIFT CODE:                                   CITIUS33

ABA NO:                                            021000089

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      36129295

FOR FINAL CREDIT OF :……………………………………( Beneficiary’s Name)

BENEFICIARY’S A/C NO:    …………………………………  (With GTB)

ANY OTHER DETAIL:  …………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF USD INTO DOMICILLIARY ACCOUNT THROUGH DEUTSCHE BANK NEW YORK:

CORRESPONDENT BANK:            DEUTSCHE BANK, NEW YORK

SWIFT CODE:                                   BKTRUS33

ABA NO:                                            021001033

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      04434658

FOR FINAL CREDIT OF:     ……………………………………(Beneficiary’s Name)

BENEFICIARY’S A/C NO:    …………………………………   (With GTB)

ANY OTHER DETAIL…………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF USD INTO DOMICILLIARY ACCOUNT THROUGH STANDARD CHARTERED BANK NEW YORK:

INTERMIDIARY BANK:                   STANDARD CHARTERED BANK NEW YORK

SWIFT CODE:                                   SCBLUS33

Fed Wire Routing Code:                  026002561

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      3582-026828-001

FOR FINAL CREDIT OF :……………………………………( Beneficiary’s Name)

BENEFICIARY’S A/C NO:    …………………………………  (With GTB)

ANY OTHER DETAIL:  …………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF USD INTO DOMICILLIARY ACCOUNT THROUGH GTBANK LONDON:

INTERMIDIARY BANK:                   CITIBANK NEW YORK

SWIFT CODE:                                   CITIUS33

Fed Wire Routing Code:                  021000089

ACC WITH BANK:                            GUARANTY TRUST BANK (UK) LIMITED

SWIFT CODE:                                   GTBIGB2L

ACCOUNT NUMBER:                      36917996

BENEFICIARY NAME:                     GUARANTY TRUST BANK PLC NIGERIA

SWIFT CODE:                                   GTBINGLA

GTB’S ACCT NO:                             90110014250330      (With GTBANK London)

FOR FINAL CREDIT OF :……………………………………( Beneficiary’s Name)

BENEFICIARY’S A/C NO:    ………………………………… (With GTB)

ANY OTHER DETAIL:  …………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF USD INTO DOMICILLIARY ACCOUNT THROUGH CITIBANK LONDON:

CORRESPONDENT BANK:            CITIBANK, LONDON

SWIFT CODE:                                   CITIGB2L

SORT CODE:                        185008

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      5511615

IBAN NUMBER:                                GB67 CITI 1850 0805 5116 15

FOR FINAL CREDIT OF:     ………………………………… (Beneficiary’s Name)

BENEFICIARY’S A/C NO:    ………………………………… (With GTB)

ANY OTHER DETAIL:  …………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF USD INTO DOMICILLIARY ACCOUNT THROUGH STANDARD CHARTERED BANK LONDON:

CORRESPONDENT BANK:            SCB LONDON

SWIFT CODE:                                   SCBLGB2L

SORT CODE:                        609104

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      01 027065310 50

IBAN NUMBER:                                GB90 SCBL 6091 0427 0653 10  

FOR FINAL CREDIT OF:     …………………………………. (Beneficiary’s Name)

BENEFICIARY’S A/C NO:    ………………………………… (With GTB)

ANY OTHER DETAIL…………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF GBP INTO DOMICILLIARY ACCOUNT THROUGH CITIBANK LONDON:

CORRESPONDENT BANK:            CITIBANK, LONDON

SWIFT CODE:                                   CITIGB2L

SORT CODE:                        185008

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      8315795

IBAN NUMBER:                                GB72 CITI 1850 0808 3157 95

FOR FINAL CREDIT OF:     ………………………………… (Beneficiary’s Name)

BENEFICIARY’S A/C NO:    …………………………………(With GTB)

ANY OTHER DETAIL:  …………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF GBP INTO DOMICILLIARY ACCOUNT THROUGH STANDARD CHARTERED BANK LONDON:

CORRESPONDENT BANK:            SCB LONDON

SWIFT CODE:                                   SCBLGB2L

SORT CODE:                        609104

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      0002706531001

IBAN NUMBER:                                GB90 SCBL 6091 0427 0653 10  

FOR FINAL CREDIT OF:     ………………………………    (Beneficiary’s Name)

BENEFICIARY’S A/C NO:    ……………………………….   (With GTB)

ANY OTHER DETAIL…………………………………………………………………

                                                (e.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF EUR INTO DOMICILLIARY ACCOUNT THROUGH CITIBANK LONDON:

CORRESPONDENT BANK:            CITIBANK, LONDON

SWIFT CODE:                                   CITIGB2L

SORT CODE:                        185008

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      10820571

IBAN NUMBER:                                GB05 CITI 1850 0810 8205 71

FOR FINAL CREDIT OF:     …………………………………  (Beneficiary’s Name)

BENEFICIARY’S A/C NO:    …………………………………  (With GTB)

ANY OTHER DETAIL:  …………………………………………………………………

                                                (E.g. Sender’s Name, Reference e.t.c)

                FUNDS TRANSFER INSTRUCTION
          FOR TRANSFER OF EUR INTO DOMICILLIARY ACCOUNT THROUGH DEUTSCHE BANK FRANKFURT:

CORRESPONDENT BANK:            DEUTSCHE BANK FRANKFURT

SWIFT CODE:                                   DEUTDEFF

BLZ NUMBER:                                50070010

FOR CREDIT OF:                             GUARANTY TRUST BANK PLC, LAGOS NIGERIA

SWIFT CODE:                                   GTBINGLA

ACCOUNT NUMBER:                      955 7224 01

IBAN NUMBER:                                DE84 5007 0010 0955 7224 01

FOR FINAL CREDIT OF:     …………………………………  (Beneficiary’s Name)

BENEFICIARY’S A/C NO:    …………………………………. (With GTB)

ANY OTHER DETAIL…………………………………………………………………

                                                (e.g. Sender’s Name, Reference e.t.c)

The International Institute of Business Intelligence (IIBI) in collaboration with the Lagos Chamber of Commerce International Arbitration Centre is organising a training on “Advanced Contract Drafting, Negotiation & Dispute Management”. This training is scheduled to hold at Eko Hotels & Suites, Victoria Island from 5th – 6th March 2020.

Course Director
Adv. Coenraad H. Snyman (World Renowned Contract Expert)
– Founder & CEO – Coen Snyman International
– Former Head Of Contract Training – Hill International
– Former Contract & Commercial Specialist – AngloGold Ashanti
– Former Director, Sr Legal Advisor & Head Contracts–Turner & Townsend (pty) Ltd
– Former Legal Counsel – Siemens VAS
– Partner – Consultants House LLC
– Former Contract Director – Al Hashmi Law
– Former Affiliate Member – FIDIC(International Member Of Consulting Engineers)

Benefits
– Draft agreements to manage risks, minimize claims and avoid disputes.
– Practice how to prepare for negotiation.
– Learn new dispute resolution techniques and master dispute management in context.
– Provides you with an appreciation of the risks of inadequate drafting.
– Understand how to document future plans and contractual outcomes.

Who should attend?
– Head of Legal
– Head, Contract Administration & Management
– Corporate Legal Counsel
– Chief Counsel
– Regional Counsel
– Legal Managers
– Corporate Legal Advisors
– Company Secretaries
– Procurement and Purchasing Managers
– Lawyers
– Arbitrators & Mediators
– Legal Consultants
– Sales and Marketing Managers
– Business Development Managers
– Senior Legal Practitioners


REGISTER NOW

The Lagos Chamber of Commerce International Arbitration Centre (LACIAC) in collaboration with the Innovation & Technology Lawyers Network presents the 2019 Innovation and Tech Law Summit, themed: “Ensuring an Enabling Environment for Digital Innovation”. The 2019 Innovation and Tech Law Summit will bring together key stakeholders within the ecosystem of technology, fintech, regulation and law.

The Summit will speak to issues such as, how digital disruption can be used to transform the economy, and what the critical role of the different stakeholders are.

Speakers
Chidi Nwaogu (Co-Founder, Publiseer)
Chimezie Chuta (Founder, Blockchain Nigeria User Group)
Funmilayo Iyayi (Managing Director, Lagos Chamber of Commerce International Arbitration Centre)
Adeleke Alex-Adedipe (Partner, Duale, Ovia & Alex-Adedipe)
Israel Aye (Co-Founder, MYLAW.NG)
Olanrewaju Gbenga-Martins (Head, Operations and Partnership, DIYlaw)
Lere Fashola (Founder, De’Lex Centre)
Moses Sule (Managing Director, Oradian Nigeria)
Nsikak John (Head, Enterprise Innovation Hub, The Nigerian Stock Exchange)
Salami Abolore (Founder, Riby Finance)
Oluwaseun Alley (Director, Partnerships and Policies, ORide)
Seun Timi-Koleolu (Managing Partner, Pavestones)

Panel sessions include:
– Transforming Disruption into Opportunities: the Critical role of Regulation.
– The Future of Legal Services Delivery; Navigating the Technology Minefield
– Cash and the Digital Age? Legal Implications of Blockchain, AI and Smart Contracts.

We are pleased to announce that LACIAC will be organising a 2-day training on Dispute Management and Alternative Dispute Resolution (ADR) for Micro, Small and Medium Enterprises (MSMEs). This training is supported by the Policy Development Facility Phase II of the UK’s Department for International Development, UK Aid.

Training Details
Date: 24 – 25 September 2019
Venue: Lagos Court of Arbitration Building, 1 Remi Olowude Street, 1 Remi Olowude Street, 2nd Roundabout, Lekki-Epe Expressway, Lekki, Lagos State


MSMEs will be trained on key factors to consider in the negotiation of dispute resolution clauses in contracts as well as cost effective and efficient methods of avoiding, managing and resolving commercial disputes.

Registration is now closed.

We are pleased to invite you to register for a two-day FIDIC Contracts Training Course on The Practical use of the 1999 FIDIC Conditions of Contract for Construction (Red Book) and Plant and Design-Build (Yellow Book) with review of 2017 updates of the Red and Yellow Books. The training is a collaborative effort of LACIAC and the Association For Consulting Engineering in Nigeria (ACEN), a FIDIC member organization. The training will hold on 17th & 18th July, 2019.

This training will be a practical and interactive course that explains and illustrates the use of the Red and Yellow Books. It will address topics such as:

–   Contract documents
–   Responsibilities of main parties
–   Management of projects
–   Tests on completion
–   Financial procedures
–   Suspension and termination
–   Risk, liability and force majeure
–   Claims, disputes and arbitration

The training is designed for contract administrators, project managers, engineers and legal advisers in:

–   Oil and Gas Exploration & Production companies which engage Engineering Procurement and Construction (EPC) contractors in E&P projects;
–   EPC, BOT and other PPP Concession companies
–   Government agencies having ownership or oversight of infrastructure projects
–   Development Banks

It is also useful for professionals involved in construction and infrastructure projects, including architects, quantity surveyors, arbitrators, adjudicators, mediators and construction law firms. The facilitator will be Mr. Husni Madi, a Civil Engineer, Arbitrator & Adjudicator and FIDIC international accredited trainer who also functioned as a friendly reviewer of the FIDIC 2017 suite of contracts.

We are pleased to invite you to register for our two-day Masterclass on Negotiation Skills for Executives.

Date: Thursday, 30 – Friday 31 May, 2019
Venue: Commerce House, No 1, Idowu Taylor Street, Victoria Island, Lagos
Time: 9:00am – 3:00pm each day

The training will focus on the use of negotiation, conflict management and conflict resolution skills set as tools for optimizing business performance. The modules include:

Module 1
–    Introduction to Conflict Management
–    Dispute Resolution Process
–    Basics of Negotiation

Module 2
–    Interdependence
–    Value Creation/Value Claiming
–    The dual concerns model

Module 3
–    Strategy & Tactics of Negotiation
–    Distributive Bargaining
–    Integrative Negotiation
–    5 ps of Negotiation

Module 4
–   Perception Cognition & Emotions

Module 5
–   Communication & Culture in Negotiation

Module 6
–   Leadership & Ethics in Negotiation

Module 7
Managing Impasse
– Power Asymmetry
– Difficult Conversations: 9 Common Mistakes
– Six Foundations of Effective Negotiation
– Six Habits of Merely effective Negotiators

This Masterclass (30 & 31 May 2019) will be delivered by a faculty of experts in the fields of negotiation, conflict management and conflict resolution. The training is a collaborative effort of LACIAC and the College of Negotiation, University of Lagos. The fee for the training is N100,000 (One Hundred Thousand naira). To register, please make your payment to the bank account details below:

Account Name: LACIAC Project Account
Bank Name: Guaranty Trust Bank Plc
Account Number: 0229928180

Please include your payment/transaction number while filling the registration form.

We are pleased to invite you to attend a panel discussion and workshop on Awareness & Education for Businesses on Alternative Dispute Resolution (ADR).

Date: Friday, 17th May 2019
Venue: The Commerce House, No: 1, Idowu Taylor Street, Victoria Island, Lagos.
Time: 10:00am – 1:00pm

*Breakout sessions starts at 1:00pm prompt.

Workshop Sessions
– Business Scaling and Expansion through franchising
– Access to low interest funding for business growth
– Dispute management and resolution for franchising business

Workshop Speakers
Chiagozie Nwizu (Managing Director, FBDS)
Okwuchi Ugorji (Chief Executive Officer, Next Empowerment Foundation)
Funmi Iyayi (Chief Executive Officer, LACIAC)

Click here to register.

Written by Anita Omonuwa Ogbalu, MCIArB

Nigeria is gradually growing into a hub for commercial arbitration in the West African region.  The evolving preference for arbitration over the country’s traditional court system is because the latter tends to be protracted, with frustrating adjournments. To put this in perspective, it is typical for a civil claim to last an average of 8 – 14 years in proceedings from a trial court to the Supreme Court. An example of this protraction was observed in Amadi v NNPC where an interlocutory appeal bothering on jurisdiction lasted for 13 years.

In view of the above, parties are beginning to appreciate arbitration as a viable alternative means of resolving disputes, with its antecedent benefits.  Hence, it is crucial to examine whether some of the perceived benefits of arbitration, such as the privacy and confidentiality of the process, are optimally available in the Nigerian arbitration space. This author holds the view that whilst the privacy of the proceedings is honoured as a direct consequence of the arbitration agreement, the perception that a confidentiality obligation exists by default is sadly inaccurate.

This article discusses the concept of confidentiality by taking a birds-eye view of various jurisdictions but with a primary focus on Nigeria.  Further, this article provides tips parties can adopt when drafting arbitration agreements where Nigeria is the arbitral seat in order to guarantee the confidentiality of the proceedings.

Download full PDF document

 

 

The first Regional Training Workshop on Dispute Management in Africa Infrastructure Projects will be held in Lagos on 18 January 2019. The workshop is a collaborative effort of the Lagos Chamber of Commerce International Arbitration Centre (LACIAC) and the Association for Consulting Engineering in Nigeria (ACEN), as well as the international law firm Freshfields Bruckhaus Deringer and the Nigerian firms, Aluko & Oyebode, Funmi Roberts & Co and Babalakin & Co. 

This training will be delivered by a faculty of experts in the fields of construction, project management, dispute management and dispute resolution. The experts draw on several years of experience working and advising on contract administration, project management, claims management and dispute resolution across different sectors, including oil and gas installations, road, rail, ports and power projects. Participants will benefit from cutting edge insights on:

–    new methods and processes for avoiding disputes, managing claims and resolving disputes
– dispute avoidance and adjudication under the 2017 edition of the FIDIC contracts

VIEW WORKSHOP PROGRAMME HERE.

REGISTRATION IS NOW CLOSED

The Lagos Chamber of Commerce International Arbitration Centre (LACIAC) is pleased to announce its first Mediation Week, held in conjunction with the law firms of Banwo & Ighodalo and The New Practice.

Please see details below:

Med Week_1

The Lagos Chamber of Commerce International Arbitration Centre (LACIAC) and the Association of International Petroleum Negotiators (AIPN)’s African Chapter held a two-part dispute resolution workshop on Monday, 2nd of July, at the Lagos Chamber of Commerce and Industry (LCCI) House, Victoria Island. The speakers included Mr Tim Martin, the Managing Director of Northumberland Chambers, Alberta, AIPN past president and Co-chair of AIPN Model Dispute Resolution Contract Committee; Mrs Funmi Roberts, Principal Partner at Funmi Roberts and Co; Dr. Tunde Ajibade SAN, Managing Partner of SPA Ajibade & Co and Mr Uwa Etigwe SAN, Partner at Streamsowers & Köhn.

The discussion evolved around the management of international business disputes in the oil and gas sector with an overview of the development of the updated and revised AIPN Model Dispute Resolution Agreement and its accompanying Guidance Notes. Emphasis was also laid on the challenges experienced by arbitration practitioners in the Nigerian context.

Here are pictures from the event:

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The Lagos Chamber of Commerce International Arbitration Centre (LACIAC) and the Association of International Petroleum Negotiators (AIPN)’s African Chapter will host a two-part dispute resolution workshop on Monday, 2 July, at the Lagos Chamber of Commerce and Industry House, Victoria Island, Lagos from 4pm – 7pm. 

This workshop will provide a detailed review of what counsel and executives need to know to anticipate and manage international business disputes with a focus on the international oil and gas business. Please see details of the workshop below:

Part 1: “The New AIPN Model Dispute Resolution Agreement”
– Mr Tim Martin
Managing Director, Northumberland Chambers, Alberta, AIPN past president, Co-chair of AIPN Model Dispute Resolution Contract Committee http://timmartin.ca

This presentation will provide an overview of the development of the updated and revised AIPN Model Dispute Resolution Agreement and its accompanying Guidance Notes. Tim Martin will discuss the key components of what parties need to draft into their dispute resolution clauses and how the new AIPN Model DR Agreement can be used to easily, effectively and quickly meet those needs.

Part 2: “Issues and Challenges in Enforcing Arbitral Awards in General”
– Mrs Funmi Roberts
Funmi Roberts and Co., Moderator http://www.funmirobertsandco.com/funmi-robert-profile/
– Dr. Tunde Ajibade SAN
SPA Ajibade & Co http://www.spaajibade.com/team-dr-ajibade.html
– Mr Uwa Etigwe SAN
Streamsowers & Kohn http://www.sskohn.com/our-team/etigwe-uwa-san/
– Mr Tim Martin
Managing Director, Northumberland Chambers, Alberta, AIPN past president, Co-chair of AIPN Model Dispute Resolution Contract Committee http://timmartin.ca

This roundtable discussion will focus on some of the challenges experienced by arbitration practitioners in the Nigerian context. The conversation is intended to highlight such issues that hinder enforcement of awards such as public policy, lack of familiarity with knowledge of international arbitration, the attitude of local courts, exploiting the gaps in local arbitration statutes, jurisdictional challenges, social-political intervention, etc.

To RSVP and for other enquiries, please contact Toyosi Oguntuase on 08086648945 or by email toyosi.oguntuase@laciac.org

WhatsApp Image 2018-05-28 at 1.57.08 PM

The Lagos Chamber of Commerce International Arbitration Centre (LACIAC) in conjunction with Yusuf Ali & Co and Perchstone & Graeys held a roundtable at the Lagos Chamber of Commerce and Industry (LCCI) to discuss the Challenges of Financing Infrastructure.

Investors harped on the need for Nigeria to remove bottlenecks to capital access while urging reforms that would ensure that business owners get justice within the shortest possible time.

Read the full article on Business Day: http://www.businessdayonline.com/laciac-proffers-solutions-business-financing-contract-disputes/

This is a Sample Press Release

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