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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
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
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 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
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