Process & Industrial Developments Ltd (defendant/appellant) v The Federal Republic of Nigeria (claimant/respondent)
Tuesday 30 April 2024
By Appellant’s Notice issued on the 25 January 2024, this is an appeal against the Order of Robin Knowles J dated 21 December 2023 sitting in the Commercial Court.
The issue of principle is in relation to costs, independent of the main judgment.
The underlying proceedings mainly involved an application by Nigeria to set aside two arbitration awards of a tribunal comprising Lord Hoffmann, Sir Anthony Evans and Chief Bayo Ojo SAN (“the Awards”). The Awards were issued in 2016 and 2017 and dealt with liability and quantum respectively. By the Awards, the tribunal found Nigeria liable to P&ID for repudiatory breaches of a contract for the construction of a gas processing facility in Nigeria, and awarded P&ID damages of US$6.6 billion plus interest.
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