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Expert Analysis

Oil Case Clarifies Annulled Award Analysis In 2nd Circ. Courts

By Jonathan Blackman, Kimberly Black and Natalie Noble ( September 26, 2019, 3:35 PM EDT) -- On Sept. 4, in Esso Exploration and Production Nigeria Limited, et ano. v. Nigerian National Petroleum Corp., the U.S. District Court for the Southern District of New York declined to enforce an arbitral award worth $1.799 billion plus accrued interest against Nigeria after the award was annulled by courts at the Nigerian seat of arbitration....

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