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P&ID v. Nigeria, Joint Stipulation to Stay Petitioner’s Petition to Confirm Arbitration Award

2 Jun 2022
Process and Industrial Developments Ltd (P&ID) v. Nigeria Ministry of Petroleum Resources
View case details
Joint Stipulation to Stay Petitioner’s Petition to Confirm Arbitration Award
Document Details:
LISTED PARTICIPANTS
Joint Stipulation to Stay Petitioner’s Petition to Confirm Arbitration Award
Participants listed are for this document only and may not include all participants involved in the entire case. Always consult the original documents.
Claimant appointee
Respondent appointee
Tribunal/Panel chair
Arbitrator(s)
Sole Arbitrator
ICSID Annulment Committee president
ICSID Annulment Committee members
WTO Appellate Body members
WTO Appellate Body chair
Judges
Claimant's counsel
Darryl G. Stein, Michael S. Kim, Josef M. Klazen
Claimant's law firm
Respondent's counsel
Christopher J. Major, Alexander D. Pencu, Austin D. Kim
Respondent's law firm
Other counsel
Claimant's expert
Claimant's expert firm
Respondent's expert
Respondent's expert firm
Claimant's witness
Respondent's witness
Other witnesses
Tribunal secretary
Tribunal assistant
Third-party funder
Entities
Process and Industrial Developments Ltd., Nigeria, Kobre & Kim, Meister Seelig & Fein
Country
United States
Print reporter
Document Summary
Joint Stipulation to Stay Petitioner’s Petition to Confirm Arbitration Award
This summary note is machine-generated. Always consult the original materials.

Procedural Posture

This document is a Joint Stipulation submitted by Petitioner Process and Industrial Developments Limited (P&ID) and Respondents the Federal Republic of Nigeria and the Ministry of Petroleum Resources to the United States District Court for the District of Columbia. The parties jointly request a stay of P&ID’s Petition to Confirm an arbitral award dated January 31, 2017, pending the resolution of parallel set-aside proceedings in the English High Court of Justice.

Terms of the Stipulation

The parties agreed to stay the U.S. enforcement proceedings until fourteen days after the English High Court issues its judgment on Nigeria’s set-aside application, which is scheduled for trial in early 2023. As part of the negotiated stay, Nigeria is not required to provide security. In consideration for P&ID’s consent to the stay, Nigeria agreed to waive its right to file a Petition for Certiorari before the United States Supreme Court regarding the D.C. Circuit’s prior decision affirming the denial of Nigeria’s motion to dismiss.

Operative Directions

The stipulation mandates that the parties file joint status reports every ninety days to apprise the Court of the English proceedings. Furthermore, Nigeria’s written response to the enforcement petition will be due sixty days after the English High Court hands down its expected judgment.