Chinese Company’s Petition To Confirm $70M Award Stayed Pending Nigeria’s Appeal

Mealey's (February 24, 2023, 1:25 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge entered a minute order staying proceedings pending the outcome of the Federal Republic of Nigeria’s appeal to the District of Columbia Circuit U.S. Court of Appeals of the court’s ruling denying its motion to dismiss a Chinese company’s petition to confirm an arbitral award worth nearly $70 million....