An English Court of Appeal has rejected a move by Process and Industrial Development (P&ID), a company owned by two Cayman Island-based entities, to set aside a previous judgement reversing the company’s $11 billion damages claim against Nigeria.
Lord Justice Snowden, a justice of the High Court of Justice of England and Wales and the lead judge in the suit,
noted that the decision of a British high court on the matter last December stands.
The verdict was delivered unanimously with other judges such as Lord Justice Snowden and Sir Julian Flaux.
