Enforcement of Billion dollar award against Nigeria filed in New York
Statoil (Nigeria) Limited, Texaco Nigeria Outer Shelf Limited have petitioned the New York Southern District Court to enforce an arbitral award against the Republic of Nigeria under the New York Convention.
The award amount is 1,071,035,000 dollars.
The petitioners, Texaco Nigeria Outer Shelf Limited and Statoil are represented by Texaco Nigeria Outer Shelf Limited represented by Elliot Friedman, David Yury Livshiz, Timothy P. Harkness from Freshfields Bruckhaus Deringer in New York.
The respondent, the Federal Republic of Nigeria is currently unrepresented.
The case is presented before Judge Richard M Berman under case number 1:18-cv-02392. Details are available here.