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Nigeria: New evidence in P and ID case
The Federal Republic of Nigeria (FRN) and British Virgin Islands-listed Process & Industrial Developments Ltd (P&ID) presented their cases at the Queen’s Bench Division of the High Court in London, United Kingdom, on 13-14 July in the latest milestone of their long-running dispute. Nigeria is challenging an arbitration ruling against it, now worth nearly $10bn, over P&ID’s claim that the government’s failure to meet its obligations caused its gas-processing project to fail.
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