Mega-award leads to blowback in Nigeria
A natural gas processing plant (Credit: istock.com/CreativeNature_nl)
A British Virgin Islands company that won a US$9.6 billion award against Nigeria over a failed gas-refining deal has been ordered to forfeit its local assets after two former employees pleaded guilty to fraud and tax evasion charges, in what the award creditor has called a “sham trial”.
To read more
Subscribe to Global Arbitration Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Arbitration Review experts.
Subscribe now