Split D.C. Circuit Panel Affirms Chinese Company’s $70M Award Against Nigeria

Mealey's ( August 12, 2024, 1:29 PM EDT) -- WASHINGTON, D.C. — A split panel of the District of Columbia Circuit U.S. Court of Appeals on Aug. 9 affirmed an arbitral award against the Federal Republic of Nigeria worth roughly $70 million in favor of a Chinese company, with the dissenting judge writing that the court lacked jurisdiction under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention)....

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