News & Analysis as of

Nigeria

2017’s Bad Guys in Energy

by Gray Reed & McGraw on

Once again we look back at the continuing cavalcade of crooks, criminals, miscreants and, to put it kindly, morons the less intellectually gifted, who met justice face-to-face in 2017. This year’s class includes a preacher,...more

Aviation in Nigeria set to fly high

by Hogan Lovells on

On 11 September 2017, the President Buhari-led government of the Federal Republic of Nigeria, announced plans to grant operating concessions over four of the ten international airports in Nigeria – the Murtala Mohammed...more

May the oil & gas odds be ever in Nigeria's favor

by DLA Piper on

Nigeria remains the largest producer of crude oil in Africa, with production reported to be around 1.8 million barrels per day excluding condensate, which makes the commodity by far the country's most important export and...more

Resolving disputes arising out of supply chain disruption in Nigeria's oil and gas market

by Hogan Lovells on

In this hoganlovells.com interview, Hogan Lovells counsel Jerome Finnis discusses how disparate factors, such as force majeure events and changes in law, can provoke disruptions in Nigeria’s oil and gas supply chain. He also...more

Africa Focus: Bridging the gap - Sources of funding for infrastructure financing in Africa

by White & Case LLP on

In October 2014, the Africa Development Bank noted that Africa's 'primary task' was to find ways to plug the annual infrastructure funding deficit. It is nearly a decade since they estimated the financing requirement to close...more

Nigerian Bar Association Annual General Conference 2017

by Hogan Lovells on

Asked to speak on the prestigious opening panel at the NBA2017 in Lagos, I was both honored and somewhat perturbed when I realized that the 10,000 delegates number promised was not a decimal point out. The event was frankly...more

In Conversation with…GBite Oduneye, founder of Nigerian Capital Markets Forum

by Hogan Lovells on

(a) You have been working in the Nigerian Capital Markets space for about 11 years now - what would you say has kept you attracted to the Market? My mother introduced me to Capital Markets at a very young age. She strongly...more

AFRICA - A Legal Guide for Business Investment and Expansion: Nigeria

1 .What role does the government of nigeria play in approving and regulating foreign direct investment? Due to the economic benefits that accompany Foreign Direct Investment (FDI), the Nigerian government strives to...more

Issues for investors' considerations affecting solar and thermal power projects in Nigeria

by Dentons on

The Nigerian Electricity Supply Industry (NESI) is currently experiencing critical financial and operational hurdles which significantly affect ongoing and prospective renewable and non-renewable power projects. This paper...more

Negligence liability: parent and subsidiary companies

by Dentons on

The High Court has considered the circumstances in which a parent company may be liable to third parties in negligence for the acts or omissions of its subsidiary....more

Alleged Nigerian Oil Industry Corruption and Civil Forfeiture: More Extraterritorial Application of U.S. Law; More High-End Real...

by Ballard Spahr LLP on

On Friday, the Department of Justice (“DOJ”) filed a civil forfeiture complaint in the Southern District of Texas seeking recovery of approximately $144 million in assets that allegedly represent the proceeds of foreign...more

Nigerian Oil and Gas and the “7 Big Wins”: Rhetoric or Matter-of-Fact

by Dentons on

In October 2016, the Nigerian government unveiled its plan to develop a stable and enabling environment that will maximise investment opportunities in the oil and gas sector (the Industry) and yield increased growth in the...more

Africa's LNG Opportunity

by Hogan Lovells on

In November 2016, the U.S. government’s inter-agency Power Africa development initiative issued its third handbook entitled “Understanding Natural Gas and LNG Options” for the purpose of promoting a better understanding of...more

Dutch Prosecutors Record Shell CEO and Ensnare Shell in Nigeria Bribery Scandal

by Michael Volkov on

A CEO never expects to be wiretapped. Let’s face it – a wiretap in the C-Suite is rare. Justice Department prosecutors have always looked for an opportunity. CEOs have loose lips and can suffer significant damage from...more

Toward Disclosure of Third-Party Litigation Funding in Class Actions

In January 2012, a natural gas-drilling rig exploded off the coast of Nigeria and burned for more than 40 days. Two years later, six Nigerians filed suit in the U.S. District Court for the Northern District of California...more

Nigerian Natural Gas Drilling Rig Explosion Class Action Blown Away

by Carlton Fields on

The Northern District of California recently denied a motion for class certification in a case against Chevron Corporation connected to a 2012 explosion at a Nigerian natural gas drilling rig and the environmental impacts of...more

Case of Insecurity? Supreme Court Explains the Limits to Orders for Security when Resisting Enforcement of a Foreign Award Under...

by Latham & Watkins LLP on

On 1 March 2017 the Supreme Court overturned an order of the Court of Appeal and decided that Nigerian National Petroleum Corporation (NNPC) could not be required to provide monetary security as a condition for resisting...more

No English jurisdiction over Nigerian oil pollution claims against Shell

by Allen & Overy LLP on

In a highly mediatised ruling, the English High Court refused jurisdiction over claims brought against Royal Dutch Shell and its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd, by over 42,000...more

English courts cannot order security in public policy challenges to enforcement

by Dentons on

The UK Supreme Court last week issued the latest decision in a long-running attempt to enforce a US$150 million Nigerian arbitration award (IPCO (Nigeria) Limited v. Nigerian National Petroleum Corporation [2017] UKSC 16). ...more

ENI Receives ISO 37001 Certification and ENI CEO Charged with Corruption

by Thomas Fox on

Today’s headline is inspired by two recent notices; the first is from a January 25 ENI Press Release crowing that “Eni is the first Italian company to receive that certification”. The second came from an article in the...more

Five on Friday – Five Recent Developments that We’ve Been Watching Closely

It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring. This week’s post includes: expected efforts by the U.S. Congress to repeal the Securities...more

Key Decision on Corporate Separateness – English High Court Decides Not to “impose liability in an indeterminate amount, for an...

by Latham & Watkins LLP on

In a highly anticipated judgment, the English High Court has ruled that Royal Dutch Shell (RDS), a holding company that is the ultimate parent of the Shell Group, does not owe a duty of care to residents of the Niger Delta in...more

The New Association Of Young Arbitrators Nigeria

by Hogan Lovells on

The AYA team is made up of young lawyers with a passion for arbitration who are seeking to develop young arbitrators and to "give them a face in the arbitration space". One of the goals of AYA is to overcome the perception...more

Court Finds That Enron’s Fraud Does Not Void Contract Entered Into With Enron Subsidiary

by Carlton Fields on

A federal appellate court has upheld a district court order enforcing an arbitration award by the ICC against the Republic of Nigeria in favor of Enron Nigeria Power Holdings, Ltd. (“ENPH”), a former subsidiary of Enron...more

Legal Insight: Overview of PPP laws/frameworks in selected African jurisdictions

by Dentons on

Uganda - In July 2014, Uganda joined the list of African countries that have implemented Public Private Partnership or “PPP” laws, by passing the Public Private Partnership Bill 2012 (Uganda PPP Law). As in many African...more

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