Africa, Botswana, Resource Nationalism

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Following last year’s surprising change of government in Botswana, one of the largest diamond mining countries, investors in the country’s natural resources sector could see an increase in the risks impacting their projects. Botswana’s economy has been experiencing a slowdown – growth decreased from 5.5% in 2022 to 1% in 2024. In addition, the newly-elected…

Arbitration Awards, Bribery, Corruption, Nigeria

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On 23 October 2023, the English High Court handed down a landmark decision setting aside a USD 11 billion arbitral award (the final award) obtained by a British Virgin Islands (“BVI”) company, Process and Industrial Developments Limited (“P&ID”), against the Federal Republic of Nigeria. The Judge upheld Nigeria’s challenge of the arbitral award on the…