Nigeria absolved of having to pay $1.5bn oil field claim
The family of deceased Italian business-person Vittorio Fabbri had alleged Nigeria’s government helped their father’s employee illegally seize control of his company after his death in 1998
08 October 2020 - 18:04
Lagos — Nigeria won a long-running arbitration battle over an oil field, avoiding the award of $1.5bn in damages.
A tribunal at the Washington DC-based International Center for Settlement of Investment Disputes dismissed claims filed by the family of a deceased Italian business-person, Vittorio Fabbri, which alleged that Nigeria’s government helped their father’s employee illegally seize control of his company after his death in 1998...
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