Arbitražas: teorija ir praktika

This article will outline the High Court’s decision in Federal Republic of Nigeria v Process & Industrial Developments Ltd [2023] EWHC 2638 (Comm), which scrutinized the impact of alleged corruption on arbitration awards. The case centered on a $6.6 billion award to P&ID, which Nigeria contested, citing bribery and misuse of privileged documents. The court found P&ID’s actions fraudulent and did not uphold the award. The judgment raises concerns about corruption in arbitration but does not mandate changes to the process, highlighting the difficulty of addressing fraud in a private, confidential system.

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