Interocean Oil: Nigeria relieved of $1.5b liability, gains $660,000 arbitration cost

interocean-oil:-nigeria-relieved-of-$1.5b-liability,-gains-$660,000-arbitration-cost

The International Centre for Settlement of Investment Dispute in the United States has ordered Interocean Oil to pay the Federal Government of Nigeria $660,129. This is reimbursement of its share of the arbitration costs incurred in the proceedings. The tribunal, headed by William Park, held that Nigeria did not breach any of the contract agreement […]

Interocean Oil: Nigeria relieved of $1.5b liability, gains $660,000 arbitration cost

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