Sentences with phrase «nigerian arbitral award»

The Supreme Court's decision is the latest in a series of important appellate judgments arising out of the long - running dispute concerning the enforcement of a Nigerian arbitral award between NNPC, the Nigerian state - owned oil company, and IPCO.

The Supreme Court considered whether the English Court, as an enforcing court of a Nigerian arbitral award, was entitled to require a party resisting enforcement to provide security for the money payable under the award as a condition of being entitled to advance a good arguable defence that enforcement should be refused on grounds of English public policy, e.g. because the award was procured by fraud.

Not exact matches

She adds that «Nigerian courts are eager to enforce arbitral awards and the regulatory framework under the New York Convention and Foreign Judgments (Reciprocal Enforcements) Act largely favours enforcement of foreign awards».

In 2004, a Nigerian arbitral tribunal made an award of «$ 152,195,971 plus Naira 5m plus interest at 14 % per annum» in IPCO's favour.

Freshfields worked with Econet for eight years to secure a favourable arbitral award over a dispute relating to its stake in Nigerian telco VNL

Other sections in the Nigerian chapter cover: the enforcement of arbitral agreements; the formal requirements of the award, cost and expenses and interest; enforcement of the award; recourse against the award: setting aside and refusal of recognition and enforcement; and investor state dispute settlement.