UPDATED: P&ID loses bids to upturn Court judgement favouring Nigeria
Top Stories Tamfitronics 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.P&ID was also challenging the decision of Robin Knowles, the judge who dismissed the damages claim, to deny it permission to appeal the previous judgement.In one voice, the three judges granted P&ID’s prayer for permission to appeal and promptly dismissed it, according...
