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Nigeria has asked a UK court to overturn the first known investment treaty award won by a mainland Chinese investor against an African state, in a dispute over a soured joint venture to develop a free trade zone near Lagos.
13 September 2021
A Nigerian oil trader has sought to block Ivory Coast’s national energy company from enforcing a Paris-seated ICC award in a US$380 million dispute over former Chevron assets.
27 August 2021
An engineering company that was hired to combat gully erosion in Nigeria has asked a US court to enforce an award against the state, which was issued by an arbitral institution in Lagos.
26 August 2021
Royal Dutch Shell has agreed to pay US$112 million to Nigeria in compensation for oil spills in the Niger Delta over 50 years ago – as an ICSID case that reportedly relates to the same environmental liabilities remains pending.
18 August 2021
UPDATED: Nigeria is reportedly facing a new ICC claim worth US$400 million after allegedly reneging on a settlement intended to resolve a prior arbitration over a major hydropower project.
19 May 2021
A US court has allowed Italian oil producer Eni to obtain evidence from a third-party funder for use in an ICSID case against Nigeria over the state’s allegations the company paid millions in bribes to secure rights to an oil field.
23 March 2021
A Milan court has acquitted oil companies Shell and Eni of paying millions in bribes to Nigerian officials to secure prospecting rights to a lucrative oil field, allegations that have also given rise to ICSID proceedings.
19 March 2021
A Luxembourg company has applied to revive a US$763 million ICDR claim against US oil field services group Baker Hughes over a project to build a pair of small-scale liquefied natural gas plants in Nigeria.
26 February 2021
Shell has lodged an ICSID claim against Nigeria over an oil mining joint venture in the Niger Delta that has led to multiple lawsuits based on allegations of environmental contamination.
11 February 2021
After making changes to align itself with global best practice, the Lagos Chamber of Commerce International Arbitration Centre - LACIAC - has appointed a new chair and board and court members as it unveils a road map for 2021.
08 February 2021
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