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 […]
