The English High Court set aside a multi-billion dollar arbitration award against the Republic of Nigeria – Arbitration and Dispute Resolution

Modern De-SPAC and the Way Forward - Securities

Introduction in Federal Republic of Nigeria v Process & Industrial Developments Limited (2023) EWHC 2638 (Comm),1 the high court upheld the challenge to arbitration awards that were obtained by fraud. While the facts of the case were highly unusual, the award demonstrates the high standard that objections under Article 68 of the Arbitration Act 1996 … Read more

Unexplained property deals in New South Wales – white collar crime, anti-corruption and fraud

Modern De-SPAC and the Way Forward - Securities

You only need to register or log in to Mondaq.com to print this article. A joint investigation into unexplained wealth by the National Crime Command’s Organized Crime Squad and NSW Crime Commission led to the seizure of more than $7 million worth of property, luxury cars, gold bars and high-end handbags. Detectives, assisted by the … Read more