Firm Says Court Must Follow U.K. Decisions And Enforce $9B Award Against Nigeria

Mealey's (August 31, 2020, 11:30 AM EDT) -- WASHINGTON, D.C. — A British Virgin Islands-based engineering firm argues in its Aug. 26 opposition to the Federal Republic of Nigeria's motion to dismiss a petition to confirm an approximately $9 billion arbitral award that a District of Columbia federal court has jurisdiction over the matter and that based on comity and issue preclusion, the District Court should follow U.K. courts' previous decisions rejecting Nigeria's argument that an earlier liability award was set aside by a Nigeran court (Process and Industrial Developments Limited v. Federal Republic of Nigeria, et al., No. 18-594, D. D.C.)....