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 […]
Implementation Framework and Potential Implications of the Domestic Crude Supply Obligations (“DCS0”)
INTRODUCTION While reiterating commitment to the development of the domestic crude oil market driven by willing buyer-willing seller arrangements, the Petroleum Industry Act 2021 (“PIA”) permits the imposition of Domestic Crude Oil Supply Obligations (“DCSO”) by the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or the “Commission”) on lessees of upstream petroleum operations (“lessees”) towards enhancing local […]
Shaping the Future: How Law is Empowering Nigeria’s Digital Economy
As we celebrate Digital Nigeria Day 2024, themed “Empowering a Digital Future,” it is important to reflect on Nigeria’s progress towards becoming a dynamic digital economy. In today’s world, going digital is no longer optional; it is essential. To stay competitive globally, countries, industries, and individuals must embrace the digital revolution. From groundbreaking fintech innovations […]
International Men’s Day: Mental Health and Work- Life in the Industry
Introduction International Men’s Day (IMD), celebrated on 19th November each year, is an opportunity to recognize the contributions and challenges of men across the globe. The theme for this year’s IMD is “Men’s Health Champions” which centers on the promotion of men’s mental health, a critical issue that has often been neglected. Men face unique […]
The Lagos State Electricity Bill 2024
Introduction Following the 2023 amendment of the Constitution of the Federal Republic of Nigeria 1999 and the enactment of the Electricity Act 2023 (the “Act”) which provides the framework for the decentralization of regulation within the Power Sector, some States—including Enugu, Ondo, Ekiti, Imo, Oyo, Edo, and more recently, Kogi—have enacted their own electricity laws, […]
