English Justice Rejects Nigerian Company’s Challenge To Tribunal’s Jurisdiction

(November 17, 2022, 1:09 PM EST) -- LONDON — A justice of the High Court of England and Wales on Nov. 17 denied two applications by a Nigerian oil field development company challenging an International Chamber of Commerce (ICC) tribunal’s awards finding jurisdiction over a dispute with a company that lent it roughly $500 million and consolidating the claim with another arbitration brought by investors who lent it nearly $1.5 billion, finding that the parties’ arbitration agreement took effect as soon as the lenders requested arbitration of the dispute....

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