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PUBLICATIONS- Legal Concepts e-zine
Legal concepts E-zine is a magazine which tries to highlight important issues raised in law in the most recent cases all over the world. Our analysis and the views of all legal authorities and contributors are reviewed and published monthly. The content comes from a variety of sources: some have been written by jurists, experts in the field and legal authorities from different countries, and some have been contributed by other legal writers and our regular columnists and reviewed by our editorial board lead by Sir Austin Ajaero KSJ.
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ADR, MED & ARBITRATION
The world has become the center stage for international business transactions and the speed and ease with which business deals are sealed are rather amazing. With this in mind business executives want to be certain that the obligations assumed under their contracts would be performed. This perhaps is the underlying premise of the international principle of pacta sunt servanda which recognizes the sanctity of contractual obligations. However, obligations assumed under a contract are primarily hinged on factors that are foreseeable at the time the contract was entered into. Where the contractual character of such obligations is changed due to unforeseen and unavoidable events, a party may be excused from the pacta sunt servanda principle epitomized and recognized as force majeure in most jurisdictions across the world. Do you then rely on the courts or a mutually agreed third party or Tribunal to resolve it? This is the centre piece of Arbitration - Sir Austin Ajaero, KSJ, MCIArb.