English Panel Rejects Nigeria’s Opposition To $70M Award To Chinese Investor

(July 21, 2023, 1:17 PM EDT) -- LONDON — A two-justice panel of the Court of Appeal of England and Wales on July 20 upheld a judge’s refusal to permit the Federal Republic of Nigeria to appeal an order enforcing an arbitral award worth nearly $70 million in favor of a Chinese company for a dispute with a Nigerian state that allegedly expropriated its investment in business infrastructure in a designated “free-trade zone,” finding that the case does not present an issue of “general public importance.”...