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The Commercial Court in London has ruled that Nigeria can pursue a late challenge to a US$10 billion award over a failed gas project, ruling there is a “strong prima facie case” that it was tainted by corruption, perjury and dishonest conduct.
04 September 2020
The Nigerian National Petroleum Corporation (NNPC) has agreed preliminary settlement terms for a long-running tax dispute with two investors in an offshore oil and gas block that gave rise to a pair of under-the-radar arbitrations.
20 August 2020
A US district court must first hear Nigeria’s sovereign immunity defence before ruling on an oil and gas company’s bid to enforce an almost US$10 billion award against the state, following a decision by an appeals court in Washington, DC.
22 June 2020
The operator of a Nigerian port terminal says it has settled a dispute with the country’s ports authority that gave rise to an ICC arbitration potentially worth “hundreds of millions of dollars”.
05 June 2020
20 April 2020
27 January 2020
A British Virgin Islands company that won a US$9.6 billion award against Nigeria over a failed gas-refining deal has been ordered to forfeit its local assets after two former employees pleaded guilty to fraud and tax evasion charges, in what the award creditor has called a “sham trial”.
23 September 2019
A US court has dismissed an action brought by a Luxembourg company to compel arbitration of a US$500 million dispute with two subsidiaries of GE relating to an LNG project in Nigeria because the respondents are already participating in the arbitral proceedings to contest jurisdiction.
14 August 2019
29 April 2019
11 April 2019
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