English Panel Affirms Attorney Fees To Nigeria After Set-Aside Of $11B Award

(July 16, 2024, 1:18 PM EDT) -- LONDON — An English appellate panel granted an Irish-owned company’s application for permission to appeal an attorney fees award against it worth roughly 43 million British pounds sterling, which it was ordered to pay the Federal Republic of Nigeria for its costs incurred in obtaining the set-aside of an arbitral award worth more than $11 billion, but dismissed the company’s arguments that the fees should have been awarded in Nigerian currency....