A Court of Appeal in the United Kingdom has dismissed the appeal of Process & Industrial Development, P&ID, on a previous judgment halting the enforcement of its $11 billion award against Nigeria.
A Court of Appeal in the United Kingdom has dismissed the appeal of Process & Industrial Development, P&ID, on a previous judgment halting the enforcement of its $11 billion award against Nigeria .
The judge found that P&ID paid bribes to Nigerian officials involved in the drafting of the gas supply and processing agreement, GSPA, in 2010. The company argued that Nigeria funded its legal services by exchanging naira from its consolidated revenue fund. "The issue is of some financial consequence because the naira depreciated significantly against sterling in the period between Nigeria's payments to its lawyers and the making of the Costs Order.
News Politics Economy Trade Business Sports Current Events Travel Nigeria West Africa Legal And Judicial Affairs
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court dismisses appeal by uncle and nephew involved in fatal shooting at Lenasia South house partyCourt dismisses appeal by uncle and nephew involved in fatal shooting at Lenasia South house party
Read more »
Constitutional Court dismisses application for leave to appeal Zimbabwe permit decisionConstitutional Court dismisses application for leave to appeal Zimbabwe permit decision
Read more »
Court dismisses minister’s leave to appeal over sacked SITA boardMinister Gungubele loses leave appeal against a decision that reinstated the sacked board over the remuneration of then-MD Bongani Mabaso.
Read more »
Gambia: High Court Dismisses Yankuba Darboe's Appeal in Sedition TrialThe Kanifing High Court on Thursday dismissed Yankuba Darboe's appeal in his sedition trial. The Chairman of Brikama Area Council ((BAC) was dissatisfied with the decision of Magistrate Thomasi of the Banjul Magistrate's Court, who ruled that he (Darboe) has a case to answer.
Read more »
Court dismisses government’s appeal, orders action plan to protect busesThe High Court in Makhanda has dismissed with costs an application by government to appeal a ruling ordering them to protect buses.
Read more »
Court dismisses RAF appeal: Illegal foreigners can claim against fundThe High Court in Pretoria has dismissed with costs an application by the Road Accident Fund (RAF) to exclude illegal foreigners.
Read more »