Nigeria overturns security order in mega-award challenge

Nigeria overturns security order in mega-award challenge

Nigeria overturns security order in mega-award challenge

The Commercial Court in London has ordered the release of US$200 million that Nigeria paid in security as it challenges a US$10 billion award over a failed gas deal, after recently finding the state has a strong prima facie case that the arbitration and the contract were tainted by corruption.

For more information, please see https://globalarbitrationreview.com/article/1232966/nigeria-overturns-security-order-in-mega-award-challenge

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