AN ANALYSIS OF DISPUTES RESOLUTION MECHANISMS UNDER THE TRADE DISPUTES ACT, 1976

The Trade Dispute Act 1976 was primarily enacted to serve as a guide which provides for amicable ways and options of settling trade dispute and other ancillary matters. The Act has undergone series of amendment and also, some subsidiary enactments has been made to assist in the effective implementation of the content and intent of the Trade Disputes Act. This being the case, the methods for dispute resolution under the Act has been tested over the years but with a lot of challenges which calls for a review or overhaul, hence the reason for this research. This research examined the various methods suggested as best for trade dispute settlement by the Act and critiqued its effectiveness showing how effective it has been over the years. The research also suggested methods that will assist in amending the Act to meet contemporary dealings in trade dispute. The researcher in carrying out the research consulted some text and scholarly works to arrive at conclusions. The methods provided by the Act are inadequate and require overhaul to make them more effective in the opinion of the researcher. The researcher opines that the methods have lost the touch of the 21st century and it has become imperative to review them.