Weeks after a London judge set aside the $11 billion arbitration award that Process & Industrial Developments Limited had held over Nigeria for the better part of a decade, the Federal Republic of Nigeria went to the company’s own home jurisdiction and asked the High Court of the British Virgin Islands to wind the company up out of existence, court documents obtained by SecretsReporters have shown.
The originating application, filed at 9:04 a.m. on January 22, 2024, shows Nigeria, acting through the British Virgin Islands law firm Harney Westwood & Riegels, asking the court to place Process & Industrial Developments Limited into liquidation under the territory’s Insolvency Act 2003, and to install Matthew Richardson of Grant…