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A London court has upheld a pair of awards against a Nigerian oil and gas producer in an ICC dispute over loans worth US$2 billion, ruling that a Shell subsidiary had not waived its unilateral option to bring an arbitration.
23 November 2022
Burford Capital is funding an ICC claim against Nigeria reportedly worth US$400 million arising from the purported settlement of a prior arbitration over a hydropower project.
27 September 2022
More details have emerged about a multibillion-dollar ICC dispute that is said to have paralysed Nigeria’s steel industry for 14 years before the parties agreed to settle for a significantly reduced sum.
09 September 2022
Nigeria has agreed to pay US$496 million to a company owned by India’s Mittal family to settle a 14-year dispute potentially worth billions over a contract to upgrade the country’s steel plants.
05 September 2022
The Nigerian National Petroleum Corporation has settled long-running disputes with several international oil companies that led to hefty awards against the state-owned entity.
23 August 2022
A consortium of investors in an electricity distributor in Nigeria has reportedly threatened to take the country’s privatisation agency to arbitration in the UK, accusing it of facilitating a forced takeover of the utility by a local lender.
19 July 2022
A US appeals court has found partly in favour of ExxonMobil and Shell in a long-running fight with Nigeria’s national oil company over a US$2.7 billion award rendered a decade ago – as a separate dispute erupts over the proposed US$1.3 billion sale of one of the west African state’s largest oil producers.
11 July 2022
A Nigerian energy company is pursuing a US$272 million claim against a subsidiary of Italian multinational Eni over a joint venture in the Niger Delta that has reportedly spawned a US$2.2 billion counterclaim.
05 July 2022
Practitioners in Nigeria are celebrating after the country passed a new arbitration and mediation law including new provisions on arbitrator immunity, interim measures and third-party funding.
16 May 2022
Eversheds Sutherland's Will O’Brien and Ulyana Bardyn consider recent US law developments on sovereign immunity in the P&ID v Nigeria case.
24 March 2022
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