The English Commercial Court Decision in the Federal Republic of Nigeria v Process and Industrial Development Ltd. (2023) EWHC 2638 (Commercial): Commentary on the Nigerian Perspective

Abstract

This study examines the landmark decision of the English Commercial Court in Federal Republic of Nigeria v Process and Industrial Development Limited (2023) EWHC 2638 (Commercial), in which the judgement served as a damning indictment of predatory international investors. In the complex landscape of international dispute resolution, arbitration emerges as a highly favoured method with distinct advantages over classical litigation proceedings. Arbitration plays a pivotal role in various domains, notably within international commercial law, facilitating the smoother resolution of intricate and complex contractual disputes. The judgement revealed the brazen fraud perpetrated by the P & ID to obtain the arbitral award, which was revealed for all to see despite their consistent attempt to frustrate the passage of justice through bribery and corruption. The study conducts an in-depth analysis of how P & ID obtained the award by practising the most severe abuse of the arbitral process. This study applies the doctrinal approach (qualitative method). In conclusion, lessons and recommendations would be examined from various writers from different journals.