Blockchain Policy: A Positive Development for Nigeria’s Ecosystem
Blockchain technology, known as BT, has gained widespread attention for its potential to revolutionize various sectors such as finance, education, healthcare, supply chain, and transportation worldwide. Nigeria, being the largest economy in Africa, has quickly recognized the advantages of this innovative technology. Nigeria has recently introduced a National Blockchain Policy aimed at promoting economic growth […]
Zhongshan Fucheng Industrial Investment Company Ltd. v. Nigeria: How the Concept of Attribution applies in International Investment Arbitration
Introduction: On 14th August 2024, Nigerians woke up to the news of the seizure of three (3) Nigeria’s presidential jets, as ordered by a French court. The seizure stems from an application by Zhongshan, a Chinese company whose export processing zone management contract was terminated by the Ogun State government in 2016. Before this time, […]
Zhongshan Fucheng Industrial Investment Co. Ltd V. The Federal Republic of Nigeria: What Are The Facts?
Introduction A lot has been said about the ex parte order granted by the Judicial Court of Paris on 14th August 2024 for the interim attachment of three aircrafts belonging to the Nigerian government. This development has generated several scholarly and enlightening discussions on the legal intricacies stemming from this action (especially as it relates […]
Zhongshan Fucheng Ind. Inv. Co. Ltd v. Nigeria: The Interplay Between Preservative Orders and Sovereign Immunity In the Seizure of Nigeria’s Presidential Jets
Introduction The intersection of pre-enforcement preservative orders and sovereign immunity presents a complex legal conundrum, particularly in cases where State assets are threatened with attachment to satisfy arbitral awards. This complexity was starkly illustrated in the recent seizure of Nigeria’s presidential jets by Zhongshan Fucheng Industrial Investment Co. Ltd (“Zhongshan”). This Chinese company sought to […]
Assessing ‘Mistake’ as a Defence in International Arbitration: The Ogun Free Trade Zone Dispute
Introduction On August 14, 2024, Nigerians were confronted with the alarming news that a Chinese firm had seized three of the nation’s presidential jets under the orders of a French court, a move that has significant implications for the nation. Former Ogun State Governor Ibikunle Amosun, a key figure in this dispute, offered his account in […]
Zhongshan Fucheng Industrial Investment Co. Ltd. V. Federal Republic of Nigeria – Exploring the Options Available to Resist the Enforcement of Arbitral Award
Introduction. It’s a matter of public record that the Federal Republic of Nigeria’s assets have been attached to enforce an arbitral award issued on 26 March 2021 by a UK tribunal. The circumstances leading to this are widely known and do not require further explanation. We have covered the case details in our previous instalment, […]
The Zhongshan Fucheng Industrial Investment Co. Ltd. V. Federal Republic of Nigeria Arbitral Award – Analysis of the Issues
The arbitral award issued in favour of Zhongshan Fucheng against Nigeria by a UK-seated tribunal on 26 March 2021 elicited significant public reactions only after an ex parte order was granted by the Judicial Court of Paris on 14th August 2024 for the interim attachment of three presidential aircrafts belonging to Nigeria. The media is […]
