The Public Policy Defences of Fraud and Corruption as Defences to the Enforcement of Arbitral Awards: A Review of Process & Industrial Development v Federal Republic of Nigeria
Article from: TDM 4 (2023), in Corruption and Arbitration
Abstract
Public policy defences to arbitration awards are so robust when they succeed that the award creditor is usually left with a worthless piece of paper after a successful arbitration. Public Policy defences act as complete shields against the enforcement of an award if they contain proven acts of bribery and corruption. Fraud and corruption allegations have formed the thrust of Nigeria's defence to the arbitral awards rendered against it by a London seated tribunal between 2015 and 2017. This article examines the public policy defences of fraud and corruption in answer to proceedings to ...