Refusal of District Court to enforce $1.8 billion arbitration award in favour of ESSO partially overturned by US Court of Appeals

By Diego Luis Alonso Massa, 13 July 2022

In a decision dated 8 July 2022, the United States Court of Appeals for the Second Circuit affirmed in part and vacated in part the judgment of the United States District Court for the Southern District of New York declining to enforce a USD 1.8 billion arbitral against the Nigerian National Petroleum Corporation (NNPC) and in favor of Esso Exploration and Production Nigeria Limited and Shell Nige...