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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
A Lagos court has upheld a US$1.7 billion award won by Nigeria’s national oil and gas company in a dispute with a local producer over the termination of exploration agreements that later became the subject of a corruption probe.
09 December 2020
A US district court will hear an oil and gas company’s bid to enforce an award worth around US$10 billion against Nigeria, after it rejected the state’s sovereign immunity defence.
07 December 2020
The Court of Appeal in London has ruled that a property developer’s US$130 million award against Nigeria’s airports authority should be enforced – holding that a first-instance judge was wrong to rescind an order for its enforcement after the respondent belatedly posted security.
01 December 2020
A US court has reversed its decision to compel discovery from a London-based hedge fund, finding Nigeria had misled the court by using evidence obtained in similar proceedings for a bid to set aside a US$10 billion award.
11 November 2020
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