CIArb Nigeria Embraces Risk Management Strategy for Corporate Counsels

The Chartered Institute of Arbitrators (CIArb) Nigeria is set to introduce a risk management roadmap for corporate counsel, a move aimed at enhancing dispute resolution and mitigating legal risks in businesses across the country.

According to a report by The Guardian Nigeria News, the new strategy is part of CIArb’s efforts to equip corporate counsel with the necessary tools to manage potential legal issues effectively.

The initiative is expected to provide a comprehensive guide on risk identification, assessment, and management, as well as offer training programs on dispute resolution and negotiation skills.

Speaking on the development, the President of CIArb Nigeria, Mrs. Bolanle Fagbemi, was quoted saying, ‘The aim is to equip corporate counsel with the skills they need to navigate the complex legal landscape and make informed decisions that will protect their companies’ interests.’

The new strategy is timely, considering the increasing complexities in the Nigerian business environment, with its myriad of legal and regulatory issues.

The Chartered Institute of Arbitrators (CIArb) is a global professional membership organisation promoting the use of arbitration and other dispute resolution mechanisms.

The institute operates in over 150 countries, with a strong presence in Nigeria, where it has been instrumental in promoting alternative dispute resolution mechanisms, particularly arbitration.

The new risk management roadmap for corporate counsel is set to be unveiled in the coming weeks, with a series of workshops and training sessions scheduled to take place across the country.