P&ID: Arbitration agreement must be carefully, robustly negotiated, drafted
The Final Award that resulted in the judgment was made in arbitration proceedings relating to a dispute between P&ID and the FRN arising out of a Gas Supply and Processing Agreement (the “GSPA”). This agreement, dated 11 January 2010, was entered into between P&ID and the FRN, acting by its Ministry of Petroleum Resources (“the Ministry”). By an arbitral Final Award dated 31 January 2017, made by a tribunal consisting of Sir Anthony Evans, Chief Bayo Ojo SAN, and Lord Hoffmann (“the Tribunal”), P&ID was awarded US$6,597,000,000. The majority was comprised of Sir Anthony Evans and Lord Hoffmann, with Chief Bayo Ojo SAN dissenting.
We plan to write Buhari over worsening insecurity – Oil workers
WE are utterly saddened by the apparent loss of control over the activities of bandits in all sections of the country. Every daily headline (locally and globally) is replete with gory stories of killings, kidnapping, ritualism, cultism, human trafficking, rape and all sorts”
Employers seek workers alliance for survival
EMPLOYERS in the Chemical and Non-Metallic Products sector, are seeking for collaboration between workers and employers on industrial relations issues to ensure job security, growth and survival.
Clark lauds Okowa’s peace agenda, calls for its sustainability
Chief Ebikeme Clark, Executive Assistant on Conflict Resolution to Dr. Ifeanyi Okowa, the Delta State governor, has commended his boss for tailoring his even development strides and programmes in the state from the peace and security agenda.
NBC trains 16,000 youth entrepreneurs
Nigerian Bottling Company (NBC) says it has trained over 16,000 entrepreneurs in its Youth Empowered Nigeria programme as 500 unemployed youths are trained in business and life’s skills in Calabar.
Lukaku: Inter fans’group defend monkey chants
A section of the Inter Milan ultras group ‘Curva Nord’ has insisted the monkey chants aimed at Romelu Lukaku by Cagliari fans were not meant to be racist.
