ALTERNATIVE DISPUTE RESOLUTION ā Arbitration ā Definition and Duty of an Arbitrator Distinguished from a Receiver
Principle Statement
The duty of an arbitrator chosen by agreement of the parties is to settle any dispute between the parties. A receiver on the other hand is appointed to administer, run the company or property in question.
Ratio Decidendi (Source)
Per Katsina-Alu, JSC, in Magbagbeola v. Sanni (2005) NLC-3302001(SC) at pp. 8ā9; Paras EāA.
"It will be seen that the duty of an arbitrator chosen by agreement of the parties is to settle any dispute between the parties. A receiver on the other hand is appointed to administer, run the company or property in question."
Explanation / Scope
Arbitrator settles disputes by party agreement; receiver administers property. The principle applies to alternative dispute resolution.
