The WLR Daily case summaries
[2024] WLR(D) 332
Court of Appeal
Process & Industrial Developments Ltd v Federal Republic of Nigeria
[2024] EWCA Civ 790
2024 April 30; July 12
Sir Julian Flaux C, Snowden, Fraser LJJ
Arbitration— Appeal— Court’s jurisdiction— Company obtaining arbitral awards against state of Nigeria for repudiatory breach of contract— Nigeria applying to challenge awards on grounds of fraud and conduct contrary to public policy— Awards set aside and Nigeria awarded costs in sterling— Company seeking to appeal currency in which costs awarded— Whether leave of first instance court required—
Arbitration Act 1996 (c 23), ss 67(4), 68(4)
Costs— Order for costs— Currency— Company’s arbitral awards against state of Nigeria successfully challenged and set aside— Whether costs to be paid in sterling or Nigerian naira