Journal of Business Law and Ethics

Tribunal as a Last Resort in Adjudicating Market Failure – Case Study of Nigeria’s IST
Tayo Oke

Abstract
Judicial interference in a free market is generally seen as anathema to the economic logic of the Adam Smith"s laissez-faire school of thought, which currently underlines market economies across the globe. Based on this, therefore, when and where such interference occurs, it ought to be solely for practicality and business efficacy. Nonetheless, a desire for non-interference in, and the imperative of justice represent a delicate balancing act particularly in an emerging economy struggling to enhance its ease of doing business. Consequently, and against this background, this paper offers a critical assessment of how Nigeria"s Investment and Securities Tribunal (IST) has lived up to its raison-d être in this regard, from inception.

Full Text: PDF     DOI: 10.15640/jble.v9n1a1