Enron Nigeria Power Holding, Ltd. v. Federal Republic of Nigeria

After ENPH filed under a power purchase agreement (PPA) for arbitration by the ICC, the ICC issued an award in ENPH's favor. Nigeria now appeals from the order granting enforcement of the Award. The court rejected Nigeria's contention that enforcement of the Award violates the public policy of the United States not to reward a party for fraudulent and criminal conduct pursuant to Article V(2)(b) of The Convention on the Recognition and Enforcement of Foreign Arbitral Awards (known as the “New York Convention”), 21 U.S.T. 2517. The court rejected Nigeria's contention, concluding that the ICC’s findings, to which an enforcing court owes substantial deference, doom Nigeria’s public policy defense in the absence of evidence or equities warranting the piercing of Enron’s corporate veil. Accordingly, the court affirmed the judgment. View "Enron Nigeria Power Holding, Ltd. v. Federal Republic of Nigeria" on Justia Law