Nigeria Given Extension of Time to Challenge Multibillion-dollar Arbitration Award: Analysis of the English High Court’s Decision

    View Author October 2020
    The Federal Republic of Nigeria has succeeded in obtaining an extension of time for its challenge of a US$6.6 billion arbitral award made against it in 2017. The award now stands at US$10 billion, including interest. It was given in favour of Process and Industrial Developments Limited (P&ID), a BVI-incorporated company controlled by two Irish citizens, in London-seated arbitral proceedings concerning a gas processing contract.