UK Supreme Court allows appeal against order of security in IPCO v Nigerian National Petroleum Corp | Practical Law

UK Supreme Court allows appeal against order of security in IPCO v Nigerian National Petroleum Corp | Practical Law

In IPCO (Nigeria) Ltd v Nigerian National Petroleum Corp [2017] UKSC 16, the UK Supreme Court considered an appeal against the Court of Appeal's order for the appellant to put up significant security in relation to an arbitral award which the respondent had been trying to enforce since 2004.

UK Supreme Court allows appeal against order of security in IPCO v Nigerian National Petroleum Corp

Practical Law UK Legal Update Case Report w-006-7054 (Approx. 6 pages)

UK Supreme Court allows appeal against order of security in IPCO v Nigerian National Petroleum Corp

Published on 01 Mar 2017England
In IPCO (Nigeria) Ltd v Nigerian National Petroleum Corp [2017] UKSC 16, the UK Supreme Court considered an appeal against the Court of Appeal's order for the appellant to put up significant security in relation to an arbitral award which the respondent had been trying to enforce since 2004.
Note: For a separate discussion of this decision, see also Blog post, English Supreme Court clarifies the availability of security in New York Convention enforcement cases.