Region: Nigeria

Electricity consortium threatens Nigerian state agency

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

Exxon and Shell can enforce parts of Nigerian oilfield award

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

Eni entity faces claim over Nigerian joint venture

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

Nigeria passes new arbitration law and allows funding

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

Recent US law developments on sovereign immunity

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

Chinese investor takes Nigeria award to DC

A Chinese company has applied to a US court to enforce a US$70 million UNCITRAL award against Nigeria over a joint venture to develop a free trade zone near Lagos – thought to be the first investment treaty win by an investor from mainland China against an African state.

26 January 2022

Baker Hughes sees award upheld in Nigerian LNG plant dispute

A Luxembourg company has failed to revive a US$763 million ICDR claim against US oilfield services group Baker Hughes over a liquefied natural gas project in Nigeria.

19 November 2021

Nigeria fights to reverse Chinese investor’s treaty win

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

Nigerian oil trader seeks injunction against Ivorian state entity

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

Lagos centre’s award against Nigeria lands in DC

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

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