Does the New York Convention Apply to Investor-State Awards?
On August 9, 2024, in Zhongshan Fucheng Industrial Investment Co. v. Federal Republic of Nigeria, the D.C. Circuit held that Nigeria was not immune from suit to enforce an arbitral award for a Chinese investor under a bilateral investment treaty. The U.S. Foreign Sovereign Immunities Act (FSIA) has an exception to state immunity for actions…
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