Posts from Morrison Foerster

Federal Government of Nigeria granted stay of enforcement and leave to appeal in key arbitration case

Quantum of suffering The English High Court recently provided the Federal Government of Nigeria (FGN) some respite in its ongoing dispute with the British Virgin Islands company, Process & Industrial Developments Ltd (P&ID) by granting FGN leave to appeal and a stay on enforcement of the arbitral award made against it in January 2017. Having … Continue reading Federal Government of Nigeria granted stay of enforcement and leave to appeal in key arbitration case

Micula v Romania: an OK (and not a KO) in the latest round of proceedings

In the latest round of the long-running Micula saga, the US District Court for the District of Columbia has confirmed an ICSID award against Romania, entering judgment for approximately US $331 million in an action to enforce the award.