The Lagos Centre is one of four such arbitral Centre’s established so far under the auspices of the AALCO. Each Centre is located in a different region of the African and Asian continents;
The decision to establish these centre’s was adopted at the 19th annual session of AALCO held in Doha (Qatar) in January, 1978.
These was part of the AALCO’s integrated dispute settlement scheme which is the culmination of a series of efforts on the part of developing countries (ever since the Havana Conference held between 1947 – 1948) at international and regional levels, within and outside the United Nations to provide a fair and adequate system for settlement of disputes arising out of international commercial transactions including foreign investments
The AALCO Centre’s are established with cooperation and assistance of each host country in accordance with the terms contained in the various Headquarters’ Agreements executed between each of the host government and the AALCO.
Each AALCO Regional Arbitration Centre enjoys the cooperation of its host.
REGIONAL CENTRES FOR INTERNATIONAL COMMERCIAL ARBITRATION ESTABLISHED UNDER THE AUSPICES OF THE ASIAN/AFRICAN LEGAL CONSULTATIVE ORGANIZATION (AALCO)
Kuala-Lumpur Regional Centre for Arbitration – Malaysia Established – 1978
Cairo Regional Centre for International Commercial Arbitration-Egypt Established – 1979
Regional Centre for International Commercial Arbitration-Lagos Established – 1989
Tehran Regional Centre for International Commercial Arbitration Established – 1997
Nairobi Centre for International Arbitration (NCIA), Nairobi, Republic of Kenya – 2007
Hong Kong Regional Arbitration Centre (HKRAC), Hong Kong, People’s Republic of China – 2021