IPCO Nigeria Ltd v Nigerian National Petroleum Corporation - 2017 UKSC 16 - 1 March 2017
Country
Year
2017
Summary
"1. This appeal is about whether the appellant, Nigerian National Petroleum Corporation ("NNPC"), should have to put up a further USD 100m security (in addition to USD 80m already provided) in respect of a Nigerian arbitration award which the respondent, IPCO (Nigeria) Ltd ("IPCO"), has been seeking since November 2004 to enforce in this jurisdiction. The enforcement proceedings have, therefore, a long history and it is necessary to set some of it out, to understand the context."