SCA Lunch + Talk - The Little Ship Club, London

Part 2 - Federal Republic of Nigeria v. Process & Industrial Developments Ltd [2023] EWHC 2638 (Comm)

You may have heard half the story in the joint Society of Construction Law and Society of Construction Arbitrators talks in March, now hear the other half.

You will find Mercutio’s curse in Romeo and Juliet finds resonance in the P&ID saga: every involved party emerges tarnished. P&ID, the claimant, initially awarded over USD 11 billion, is revealed to have engaged in widespread corruption in securing both the Gas Supply and Processing Agreement contract and the arbitral award. Nigeria, the respondent, is criticised for incompetence and neglect throughout the arbitration process. Even the senior tribunal members come under scrutiny, with observations of disbelief at their handling of such a significant dispute. The entire episode casts a shadow on the reputation of international arbitration, prompting a necessary re-evaluation of its efficacy and integrity.

What better than to have Philip Riches KC talk to us in a special audience on 18 September 2024 to give us some inside track. Philip is one of the two leading and winning counsel for Nigeria who appeared before the Commercial court. https://www.judiciary.uk/wp-content/uploads/2023/10/Nigeria-v-PID-judgment.pdf