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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (150544)9/4/2019 9:21:31 AM
From: carranza21 Recommendation

Recommended By
dvdw©

  Read Replies (1) | Respond to of 217825
 
As I read through the article, the ultimate ending seemed obvious. The Nigerians should’ve won the arbitration but failed to engage. Arbitrations are for the most part final and non-appealable (fraud and corruption on part of the panel being the most salient means to set them aside but good luck with that),

So the Nigerians got stuck with no resort to a higher court.

Almost seems like a business model. Insert binding arbitration clauses into illusory contracts, wait for defaults, demand arbitration, then win a non-appealable judgment when Nigeria screws up by failing to properly engage thanks to its chaotic and corrupt bureaucracy.

Cunning but scummy.