Company Asks D.C. Federal Court To Confirm $6.59B Award Issued Against Nigeria

Mealey's (March 20, 2018, 1:53 PM EDT) -- WASHINGTON, D.C. — A British Virgin Islands entity on March 16 filed a petition to confirm a $6,597,000,000 English arbitral award that was issued in its favor in a dispute with the Federal Republic of Nigeria and a Nigerian ministry in a dispute that arose over a natural gas supply and processing agreement between the parties (Process And Industrial Developments Limited V. Federal Republic Of Nigeria, et al., No. 1:18cv594, D. D.C.)....