Originally from Alternatives to the High Cost of Litigation

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A long-running battle over a decade-old arbitration award that, with interest, has soared to more than $11 billion against the Nigeria government appears to be nearing its end in dramatic style: The United Kingdom’s High Court of Justice confirmed the reversal of the arbitration award.

And yet, the Court left the door open to more proceedings which likely won’t reinstate the award, but assure that the controversy that accompanied the arbitration and subsequent litigation will live on. 

On Oct. 23, 2023, the Hon. Mr. Justice Robin Knowles, CBE, of the U.K. High Court, in the case of Process & Industrial Developments Limited v. Federal Republic of Nigeria, backed Nigeria’s challenge to the enforcement of the award issued on Jan. 31, 2017.