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Recent international arbitration cases, especially P&ID v Nigeria , have highlighted how easy it is for claimants—whether in treaty-based Investor–State Dispute Settlement or commercial arbitration—to advance immense claims grounded on essentially no evidence against state respondents. This largely reflects the readiness of many quantum experts to engage in the practice which Martin Wachs called 'lying with numbers' in order to misrepresent the execution risks of speculative unbuilt projects in a manner that is radically at odds with empirical data regarding such execution risks, which is exacerbated by the ignorance of many arbitrators about business economics and discounted cash flow valuation. This situation is unlikely to improve, and overall standards of candour in valuation in international arbitration will keep going down as the system will keep rewarding the act of cloaking advocacy in the guise of scientific or technical rationality in order to 'lie with numbers'. [ABSTRACT FROM AUTHOR]

The arrest of ship regime is a critical aspect of global shipping and international trade. In settling maritime or trade disputes, arrest of ship is a crucial pre-judgment instrument usually deployed to secure the appearance of ship owners and it also acts as security for the claimants' claim. This paper critically examines the arrest regime in Nigeria to determine the possibility of the country becoming the destination of forum shopping for maritime dispute resolution. This paper submits that a liberal and comprehensive arrest legal regime is pivotal in establishing Nigeria as the hub of global ship arrest adjudication. [ABSTRACT FROM AUTHOR]

Economic development is a major policy objective of the governments of developing countries that are rich in natural resources. Nigeria has promoted, through legislation, the concept of Nigerian content through domestic capacity building and preferential participation as a policy in its Oil and Gas Industry("OGI") to achieve the objective of economic development. The recent enactment of Nigeria's Local Content Act was inspired by considerations for economic development. This article analyzes the implications of this law based on the paradigm of international investment law. For this purpose, the context of international investment law is limited to the definition of "investment" and the international obligations of Nigeria within the framework of current and anticipated Bilateral Investment Treaties ("BITs") and other investment related agreements with foreign investors. From this perspective, the analysis of this article shows that, in spite of the relative success of the Local Content Law, there are significant and fundamental conflicts with Nigeria's obligations under international investment law with respect to foreign investors operating in Nigeria's OGI. Foreign investment treatment standards applicable under international investment law are implicated in the application and administration of Nigeria's Local Content Law. Thus, this article proposes that Nigeria should review existing BITs and other investment agreements to accommodate the prescriptions of the Local Content Law to sustain the underpinnings of economic development inherent in the law. Otherwise, the existing conflicts present substantial grounds for foreign investment claims and liability against Nigeria by foreign investors in the context of investment treaty arbitration. [ABSTRACT FROM AUTHOR]

The article discusses the land dispute between Nigeria and Cameroon over the Bakassi Peninsula in the African continent that was addressed by the International Court of Justices (ICJ). ICJ was designated in 1946 as the institution to play an important legal role in the resolution of border conflicts among United Nations member states. This entry also includes the history of the Bakassi Peninsula and the dispute, the disposition of the court and the significance of the ruling.

Discusses procedural developments at the International Court of Justice. Territorial and maritime dispute; Boundary dispute between Benin and Niger; Armed activities on the territory of the Congo; Video evidence submitted by Nigeria; Judgment in the case concerning the arrest warrant of April 11, 2000; Order of counter-claims filed by Uganda.