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In overturning USD 11 billion award for fraud, High Court invites discussion on arbitration’s ability to resolve large disputes involving states

27/10/2023

On 23 October, in The Federal Republic of Nigeria v Process & Industrial Developments Ltd. [2023] EWHC 2638 (Comm), Mr Justice Robin Knowles found that an arbitration award for USD 11 billion had been “obtained by fraud” and thus was “contrary to public...

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Authors

Portrait ofSarah Vasani
Sarah Vasani
Partner
London
Portrait ofRichard Bamforth
Richard Bamforth
Partner
London
Portrait ofGuy Pendell
Guy Pendell
Partner
London
Portrait ofDavid Bridge
David Bridge
Partner
London
Portrait ofLindsay Reimschussel
Lindsay Reimschussel
Senior Associate
London
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