Nigeria Urges High Court To Review Its Arbitral Liability For ‘Sovereign’ Actions

( November 15, 2024, 2:23 PM EST) -- WASHINGTON, D.C. — The Federal Republic of Nigeria filed a petition for a writ of certiorari to the U.S. Supreme Court seeking review of a split District of Columbia Circuit U.S. Court of Appeals panel’s affirmance of a $70 million arbitral award against it, which it says “extends” a circuit split over treaty interpretation and wrongly treats Nigeria as a “person” rather than a sovereign under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention)....